EV startup Rivian, backed by Amazon and Ford, targets over $53 bln valuation in IPO

  • 11/1/2021
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Nov 1 - Electric vehicle maker Rivian Automotive Inc, which is backed by both Amazon.com Inc and Ford Motor Co , said on Monday it was targeting a valuation of more than $53 billion in its initial public offering in the United States. (Reporting by Noor Zainab Hussain and Niket Nishant in Bengaluru; Editing by Arun Koyyur)

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