2021-06-22

4You Dialy

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Rivian electric vehicle manufacturer expects to rescue $ 70 billion on IPO

1 min read

Theoretically, Rivian’s financial support should have a long-term contract with Amazon, in which the first of the companies will supply the second commercial vans on the electrician in significant quantities. It does not notice the need for additional funding, so Rivian is already preparing for public placement of shares.

Image source: Rivian

Earlier it was reported that the release to the stock market will bring Rivian about $ 50 billion, but the appetites of the young electric vehicle developer are growing, and now Bloomberg with reference to aware sources reports the readiness of the company to attract $ 70 billion during IPO. The corresponding Rivian step intends to do before the end of the year, And now Goldman Sachs, Jpmorgan & Chase, as well as Morgan Stanley, has already been attracted as financial consultants.

According to the original source, in January, the capitalization of Rivian was estimated at $ 27.6 billion. Electromotive production The company must master at the enterprise in Illinois, by next year there will be several tens of thousands of R1T pickups and R1S crossovers. Deliveries of the first electric pickups were to begin in June of the current year, but recently the company reported the delay in shipment until July. According to the familiar sources, Rivian simply encountered a delay in the supply of imported components, like many of the automakers.

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