With 135 million shares to go around ranging from $72 to $74 each, Rivian's IPO is set to be among the largest in the U.S. on record. Also, If the stock prices above the top marketed price of $74 per share, the company would raise more than $10 billion and exceed a fully diluted valuation of more than $70 billion.
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Rivian IPO, set to be 7th largest ever, could top high end of price range, report says
Investors will be buying into the promise of a class of EVs that mirror the gas-powered vehicles that dominate the passenger market. The shares will trade under ticker symbol RIVN.
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