Electric vehicle maker Rivian plans to pursue an initial public offering (IPO) this fall, and wants to achieve a valuation 350 times that of Tesla’s IPO in 2010. “Rivian disclosed Friday that it has submitted its S-1 registration to the U.S. SEC,” said Green Car Reports. “Bloomberg noted that Rivian would seek roughly an $80 billion valuation, citing sources who asked not to be identified.” Green Car Reports said the IPO valuation could “potentially make Rivian a formidable rival to Tesla.” (Source: Green Car Reports) Read the original article…
