MICHIGAN: Rivian Automotive Inc, the electric-vehicle startup backed by Amazon.com Inc and Ford Motor Co, is looking to go public as soon as September at a valuation of about US$50bil and perhaps more, according to people familiar with the matter.
The company’s timeline for an initial public offering and its potential value might change, and a listing could happen later in the year or even slip to 2022, said the people, who asked not to be identified discussing private information.
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