The still young American car manufacturer Rivian hopes to raise billions with an IPO. It could even become one of the largest IPOs (Initial Public Offering) ever.
Rivian aims according to Automotive News namely at an amount of between €4.2 billion and €6.8 billion. If the company did indeed raise $7 billion in an IPO, it would be the fourth most successful ever in the US. So that says something, apparently there is a lot of confidence in potential interest. Not surprising, when you consider that Amazon, among others, has already invested heavily in Rivian.
Also helping is that earlier this week Rivian received official approval from the US safety and environmental authorities to sell the all-electric pickup R1T. That news was sealed with the announcement that Rivian will deliver the first copies of the R1T this fall. For Europe, the Rivian R1S is interesting, a fully electric SUV that shares its basis with the R1T and that should be on the market here next year. Incidentally, Rivian would also consider opening a European factory.