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Rivian IPO: Everything We Know so Far

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Rivian is the latest electric vehicle startup about to launch as an initial public offering. With major backing by Amazon, T. Rowe Price, and even Ford, the company is on solid footing in becoming a major player in the EV space.

Rivian said in its filing that it plans to offer 135 million shares priced between $57 and $62, and is looking to increase its valuation to between $54 billion and up to $60 billion with an option for underwriters to purchase additional shares. 

With just two models thus far, the R1T pickup truck and the R1S SUV, Rivian is also developing a delivery van for Amazon  (AMZN) - Get Amazon.com, Inc. Report which has said it plans to have 10,000 vans on the road by 2022 and 100,000 by 2030 

Amazon has revealed that it has a 20% stake in Rivan and Ford  (F) - Get Ford Motor Company Report holds a roughly 12% stake in the startup.

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