Rivian valued at $93 bln in debut, after world's biggest IPO of 2021 - NewsBreak
By Shannon in Business
Updated 2 years ago
Nov 10 (Reuters) - Shares of Rivian Automotive Inc (RIVN.O) opened almost 37% higher in its Nasdaq debut on Wednesday, giving the Amazon-backed electric vehicle maker a market valuation of nearly $93 billion and making it the second most valuable U.S. automaker. The mammoth valuation would make Rivian bigger than...