Rivian Confidentially Files For IPO, Seeks $80 Billion Valuation - NewsBreak

Rivian, the Irivine-based startup that aims to storm the market with its adventure-oriented electric trucks, has filed for its Initial Public Offering (IPO) according to reports. Despite the fact that Rivian is yet to deliver a single vehicle, the firm is targeting an $80 billion valuation which would place it amongst the world's automotive elite. For reference, General Motors is currently valued at $72.22 billion meanwhile Daimler, the world's fifth most valuable car brand, is worth $89.76 billion.