Amazon-backed electric vehicle maker plans IPO
Electric SUV and pickup truck maker Rivian, in which Amazon and Ford Motor have invested, is planning an IPO in September, Bloomberg reported , citing sources. The company's valuation could be $50 billion or even more. According to the interlocutors of the agency, the placement period may still be shifted to the end of the year or to 2022. In addition, the potential value of the company may also change, sources say. A Rivian spokesperson declined to comment.