Business NewsFinancial News

Rivian valued at $93 billion on debut, after world’s biggest IPO of 2021

Reuters
Reuters
A Rivian R1T pickup, the Amazon-backed electric vehicle (EV) maker, is driven through Times Square during the company’s IPO in New York

– Shares of Rivian Automotive Inc opened almost 37% higher on the Nasdaq on Wednesday, giving the Amazon-backed electric vehicle maker a market valuation of nearly $93 billion and making it the second most valuable U.S. automaker.

(Reporting by Noor Zainab Hussain in Bangalore and additional reporting by Niket Nishant; Editing by Arun Koyyur and Anil D’Silva)

Related News:   Meadowlands Casino Proposal Pushes Atlantic City Officials into Panic Mode

tagreuters.com2021binary_LYNXMPEHA918W-BASEIMAGE

You appear to be using an ad blocker

Shore News Network is a free website that does not use paywalls or charge for access to original, breaking news content. In order to provide this free service, we rely on advertisements. Please support our journalism by disabling your ad blocker for this website.