The company, which is working on pickup trucks, SUVs and Amazon last-mile delivery vans, said it filed its draft registration statement confidentially, and that the proposed offering’s size and price range are yet to be determined. But sources told Bloomberg it’s seeking a roughly US$80-billion valuation. (The Logic, Bloomberg)
Skip to content
The company, which is working on pickup trucks, SUVs and Amazon last-mile delivery vans, said it filed its draft registration statement confidentially, and that the proposed offering’s size and price range are yet to be determined. But sources told Bloomberg it’s seeking a roughly US$80-billion valuation. (The Logic, Bloomberg)
Talking point: Rivian is opting for the traditional IPO process, after others in the EV sector have suffered from sour SPAC deals. The company’s deal with Amazon also suggests there is growing competition to electrify delivery vans—like General Motors’ BrightDrop, which will be built in Ontario. Most of Rivian’s facilities are in the U.S., but it has a British Columbia office, and is including Canada in its fall product launch and charging-network plans. Meanwhile, Rivian provided a case study of the auto applications of Amazon Web Services, and said it is planning “the most comprehensive” integration of Alexa—technologies also being adopted by BlackBerry.
Loading...
Thanks for sharing!
You have shared 5 articles this month and reached the maximum amount of shares available.
CloseThis account has reached its share limit.
If you would like to purchase a sharing license please contact The Logic support at [email protected].
CloseGift the full article!
You have gifted 0 article(s) this month and have 5 remaining.
Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.
Most Popular This Week
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
Commentary
Carmichael: If an AI jobs apocalypse is coming, we’re not seeing it in the data
Briefing
Anthropic says world needs option to slow AI development, as models learn to self-improve
Ottawa taps the brakes on efforts to speed up project permitting
Kevin O’Leary scales back Wonder Valley Utah plans after objections from a key state legislator
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.
