Rivian Automotive, the electric vehicle maker backed by Amazon and Ford priced its IPO at $78/share valuing the company at $66.5 billion.
Rivian had previously increased its expected price range to between $72 and $74, up from an initial range of $57 to $62 amid a strong growth in the EV sector.
The shares will begin trading today on the NASDAQ under ticker symbol RIVN.
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Sources: cnbc.com, sec.gov