Business
World’s biggest IPO: Rivian surges to over $100b on debut – The Australian Financial Review
Amazon-backed electric vehicle maker was valued more than $US130 billion, becoming the world’s biggest initial public offering…
The IPO allows Rivian to raise about $US12 billion to fund growth, and that figure could rise to $US13.7 billion if the full over-allotment of shares is exercised.
The transition to a public company (and) the growth in our capital base enables Rivian to…
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