In this file photo taken on January 7, 2020, Rivian's R1T, an all-electric pick up truck is displayed at the Amazon booth during CES 2020, in Las Vegas, Nevada. - AFP
NEW YORK: Electric vehicle maker Rivian said it has confidentially filed paperwork with regulators for an initial public offering, setting the stage for a blockbuster year-end market debut as it looks to tap into a red-hot IPO market in the U.S.
Rivian, which counts Amazon.com Inc, Soros Fund Management and BlackRock among its major investors, will seek a valuation of around $70-80 billion at the time of its initial public offering, two sources familiar with the matter told Reuters on Friday.
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