{"id":83175,"title":"Electric-vehicle firm Rivian could seek $70 bln valuation in IPO – Bloomberg News","publisher":"Share Talk","author":"sharetalk","published":"2021-05-29T15:58:49+00:00","modified":"2021-05-29T15:58:49+00:00","canonical_url":"https://www.share-talk.com/electric-vehicle-firm-rivian-could-seek-70-bln-valuation-in-ipo-bloomberg-news/","markdown_url":"https://www.share-talk.com/electric-vehicle-firm-rivian-could-seek-70-bln-valuation-in-ipo-bloomberg-news.md","json_url":"https://www.share-talk.com/electric-vehicle-firm-rivian-could-seek-70-bln-valuation-in-ipo-bloomberg-news.json","category":"Blogs","categories":["Blogs"],"tags":["Amazon.com Inc","Bloomberg","electric","Ford Motor Co","Goldman Sachs Group Inc","JPMorgan Chase & Co","Morgan Stanley","pickup","public listing","Rivian Automotive Inc","SUV","Tesla Inc"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/11/Stencil-Google-Chrome-2023-04-19-at-2.47.43-PM.jpeg?fit=1231%2C615&quality=89&ssl=1","format":"news","language":"en-GB","content":"Electric-truck startup **Rivian Automotive Inc** could target a valuation of about $70 billion in its potential public listing later this year, Bloomberg News reported on Friday.\n\n**Reuters**\n\n**Amazon.com Inc (AMZN.O)** and** Ford Motor Co (F.N)**-backed Rivian had a valuation of $27.6 billion, Reuters reported in January, after a $2.65-billion investment round led by T. Rowe Price.\n\nRivian is working with advisers including **Goldman Sachs Group Inc, JPMorgan Chase & Co., and Morgan Stanley** on an initial public offering, **Bloomberg News** [reported](https://www.bloomberg.com/news/articles/2021-05-28/electric-truck-maker-rivian-is-said-to-select-ipo-underwriters), citing people familiar with the matter.\n\nThe news outlet in February reported the company could seek a valuation of about $50 billion. [read more](https://www.reuters.com/business/autos-transportation/tesla-rival-rivian-aims-ipo-this-year-bloomberg-news-2021-02-10/)\n\nRivian, **JPMorgan Chase** and **Morgana Stanley** declined to comment on Bloomberg News’ Friday report, and **Goldman Sachs** did not respond to Reuters’ request for comment.\n\nRivian, which aims to compete with** Tesla Inc (TSLA.O)**, targets to start production of an electric pickup and SUV this year.\n\nOur Standards: [The Thomson Reuters Trust Principles.](https://www.thomsonreuters.com/en/about-us/trust-principles.html)\n\nSource [https://www.reuters.com/technology/electric-vehicle-firm-rivian-could-seek-70-bln-valuation-ipo-bloomberg-news-2021-05-28/](https://www.reuters.com/technology/electric-vehicle-firm-rivian-could-seek-70-bln-valuation-ipo-bloomberg-news-2021-05-28/)"}