Reports are coming out that Rivian has selected underwriters for their IPO.

They are apparently working with the likes of Goldman Sachs, JPMorgan Chase, Morgan Stanley and other firms

  • Rivian Automotive (RIVN) pushes ahead with plans to go public by picking underwriters for the IPO process.
  • Sources indicate that Rivian is working with Goldman Sachs, JPMorgan Chase, Morgan Stanley and other firms as the electric vehicle maker looks for a strong debut.
  • Rivian Automotive is looking for a valuation of about $70B when it goes public, a higher mark than was previously reported. Rivian Automotive was valued at about $27.6B when it raised new funds from T. Rowe Price, Fidelity Investments and Amazon (AMZN -0.0%) earlier in the year.