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Electric-Vehicle Startup Rivian Goes Public in Largest U.S. IPO Since 2014

Electric-Vehicle Startup Rivian Goes Public in Largest U.S. IPO Since 2014

Electric-vehicle startup Rivian Automotive Inc. is poised to go public Wednesday in one of the largest initial public offerings ever for a U.S. exchange.

With shares priced at $78 late Tuesday, Rivian raised $11.9 billion through the offering, the largest haul for an IPO on a U.S. exchange since 2014 and the seventh-largest since 1995, according to Dealogic.

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