---
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"
date: 2021-05-29
canonical: "https://www.share-talk.com/electric-vehicle-firm-rivian-could-seek-70-bln-valuation-in-ipo-bloomberg-news/"
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"]
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format: "news"
language: "en-GB"
---

# Electric-vehicle firm Rivian could seek $70 bln valuation in IPO – Bloomberg News

**Published:** May 29, 2021
**Author:** sharetalk
**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)

---

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.

**Reuters**

**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.

Rivian 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.

The 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/)

Rivian, **JPMorgan Chase** and **Morgana Stanley** declined to comment on Bloomberg News’ Friday report, and **Goldman Sachs** did not respond to Reuters’ request for comment.

Rivian, which aims to compete with** Tesla Inc (TSLA.O)**, targets to start production of an electric pickup and SUV this year.

Our Standards: [The Thomson Reuters Trust Principles.](https://www.thomsonreuters.com/en/about-us/trust-principles.html)

Source [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/)

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