With most parts of the world encourage consumers to go to electric vehicles rather than traditional combustion engines, electric car makers come out will work. While almost every traditional car maker goes into electric vehicle games in several forms, there are several new companies that are electrical from Get-Go, such as Tesla and Rivian.
Rivian has spoken and showed off a very interesting electric vehicle prototype. At present, the company is supported by Amazon.com and several other investors. A new report shows that Rivian Automotive Inc. Prepare for GO PUBLIC with an IPO that can be worth $ 70 billion. The words of the potential IPO come from the source quoted by Bloomberg who wants to remain anonymous because IPOs without current notice.
According to its sources, Rivian works with advisors, including Goldman Sachs Group Inc., JPMorgan Chase & Co., and Morgan Stanley. The source claimed that Rivian was looking for an appraisal of around $ 70 billion, while rumors of the past showing Rivian would look for a value near $ 50 billion. Sources also emphasize that there is no final decision made, and the potential details of the IPO can change.
There have been no official comments on the potential of IPOs from Rivian or one of the advisors, the car maker was reported to work with him. Rivian has a value of $ 27.6 billion in January when they raised $ 2.65 billion from various investors. The company makes electric vehicles, including pickups and SUVs that use the same platform. Electric pickup is called R1T, and shipping is expected to begin in July. It was a delay of about a month from the date of delivery which was previously expected, with the indication that Rivian has experienced problems with the procurement of components needed to build vehicles.