November 10 - 11:11
EV-maker Rivian raises $12bn in what could be a historic IPO
Electric automaker Rivian has priced its initial public offering at $78 a share, far above its targeted share price, after raising $12bn from investors. This could make Rivian's IPO one of the top 10 IPOs of all time in the US. However, Rivian only started delivering its first electric pick-up trucks to customers in September and it has made losses of over $2bn over the last two years.
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