Rivian Automotive Inc. is seeking a valuation in a range just above $60 billion in its initial public offering next week, one of the biggest and most-anticipated deals yet in a blockbuster year for new issues.
The Amazon.com Inc. -backed electric-vehicle startup plans to disclose the targeted valuation in an updated regulatory filing later Monday, according to people familiar with the matter. The roadshow for company management and their underwriters to pitch the shares to potential investors begins Tuesday, and the shares are to start trading on the Nasdaq Stock Market next week under the symbol RIVN.