Rivian boosts IPO target to $74 a share

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Rivian Automotive RIVN, has boosted its initial public offering price, seeking to sell 135 million shares between $72 and $74 each, the electric-vehicle startup said in an amended prospectus late Friday. Rivian, whose backers include Ford Motor Co. F, -0.67% and Amazon.com Inc. AMZN, +1.21%, on Monday filed an amendment setting the offer at $62 a share. Rivian is hoping to carve a niche for itself offering EVs for the great outdoors and first filed for the IPO in October.

This article was originally published by Marketwatch.com. Read the original article here.

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