{"id":449171,"date":"2021-11-11T08:31:27","date_gmt":"2021-11-11T03:01:27","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=449171"},"modified":"2021-11-11T08:59:49","modified_gmt":"2021-11-11T03:29:49","slug":"amazon-backed-ev-maker-rivian-raises-11-9-bn-in-years-biggest-ipo","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/amazon-backed-ev-maker-rivian-raises-11-9-bn-in-years-biggest-ipo\/","title":{"rendered":"Amazon-backed EV maker Rivian raises $11.9 bn in year&#8217;s biggest IPO"},"content":{"rendered":"<p>Electric vehicle-maker Rivian Automotive Inc. priced shares in its initial public offering at $78 apiece to raise about $11.9 billion, the biggest first-time share sale this year.<\/p>\n<p>Backed by deep pocketed companies such as Amazon.com Inc. and Ford Motor Co., Rivian is hitting the public markets as it looks to make a dent in the electric vehicle market led by Tesla Inc. <\/p>\n<p>Rivian sold 153 million shares in the offering, according to a statement confirming an earlier Bloomberg News report. The $11.9 billion haul is the sixth-largest ever on a U. S. exchange, data compiled by Bloomberg show.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Electric vehicle-maker Rivian Automotive Inc. priced shares in its initial public offering at $78 apiece to raise about $11.9 billion, the biggest first-time share sale this year. Backed by deep pocketed companies such as Amazon.com Inc. and Ford Motor Co., Rivian is hitting the public markets as it looks to make a dent in the electric vehicle market led by Tesla Inc. Rivian sold 153 million shares in the offering, according to a statement confirming an earlier Bloomberg News report. The $11.9 billion haul is the sixth-largest ever on a U. S. exchange, data compiled by Bloomberg show.<\/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":[135,130,232],"tags":[],"class_list":["post-449171","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/449171","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=449171"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/449171\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=449171"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=449171"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=449171"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}