{"id":448084,"date":"2021-11-08T09:11:52","date_gmt":"2021-11-08T03:41:52","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=448084"},"modified":"2021-11-08T09:35:33","modified_gmt":"2021-11-08T04:05:33","slug":"ev-maker-rivian-boosts-ipo-price-range-aims-for-65-billion-valuation","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ev-maker-rivian-boosts-ipo-price-range-aims-for-65-billion-valuation\/","title":{"rendered":"EV maker Rivian boosts IPO price range, aims for $65 billion valuation"},"content":{"rendered":"<p>Rivian Automotive, backed by Amazon.com Inc, on Friday significantly raised the expected offer price of its shares, with the electric vehicle manufacturer aiming for a valuation of as much as $65 billion in its initial public offering.<\/p>\n<p>It had earlier this week aimed for a valuation of more than $53 billion at a price of $62 per share.<\/p>\n<p>The company now expects to sell 135 million shares in the range of $72-$74 apiece to raise nearly $10 billion on Nov. 9. <\/p>\n<p>The increased price band follows a successful investor roadshow this week, as Wall Street\u2019s big IPO investors bet on Rivian to be the next big player in a sector dominated by Tesla.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rivian Automotive, backed by Amazon.com Inc, on Friday significantly raised the expected offer price of its shares, with the electric vehicle manufacturer aiming for a valuation of as much as $65 billion in its initial public offering. It had earlier this week aimed for a valuation of more than $53 billion at a price of $62 per share. The company now expects to sell 135 million shares in the range of $72-$74 apiece to raise nearly $10 billion on Nov. 9. The increased price band follows a successful investor roadshow this week, as Wall Street\u2019s big IPO investors bet on [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-448084","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/448084","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=448084"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/448084\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=448084"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=448084"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=448084"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}