FILE PHOTO: The logo for electric vehicle startup Rivian is seen on the hood of its new R1T all-electric truck in Mill Valley, California, U.S., January 25, 2020. REUTERS/Nathan Frandino/File Photo
(Reuters) - Amazon.com Inc-backed electric vehicle maker Rivian is seeking a valuation of around $70-80 billion at the time of its IPO, a source familiar with the matter told Reuters.
Rivian said on Friday it had confidentially submitted plans to regulators for a U.S. initial public offering (IPO).
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