Rivian, a producer of electric vehicles, intends to raise $8.4 billion in its first public offering. The company, which Amazon backs, indicated in the filing that it plans to offer 135 million shares at a range of $57 to $62. On October 1, Rivian filed to become a publicly traded corporation in the United States. Rivian's filing was one of the most anticipated of the year, and all eyes are now on its Nasdaq debut. Rivian will be represented by the ticker symbol RIVN.
Rivian manufactures an expensive electric pickup truck and an electric sport utility vehicle, both of which are intended to be used off-road.