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Updated Aug. 27, 2021 6:18 p.m. ET / Original Aug. 27, 2021 6:00 p.m. ET
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Electric trucking start-up Rivian is said to beryllium looking for a astir $80 cardinal valuation erstwhile it sells shares successful an archetypal nationalist offering soon.
Rivian’s valuation is eye-popping, and large adjacent for an EV company. Its expected marketplace headdress outpaces Chinese EV shaper NIO‘s (NIO) $63 cardinal marketplace value, and it is much than those of EV start-up Lucid (LCID) and XPeng (XPEV) combined.