Official: Rivian Going Public With $80 Billion Valuation - NewsBreak

The day has finally come. All-electric truck and SUV automaker Rivian has announced in a press release the filing of confidential paperwork with the Securities and Exchange Commission (SEC) for an initial public offering. This is a traditional IPO rather than the SPAC trend we've been seeing lately. For now, details remain under wraps but Bloomberg suggests the valuation could be worth $80 billion. Last spring, this figure was pegged at around $70 billion.