Amazon, Ford, Cox Enterprises, Abdul Latif Jameel and Sumitomo are all notching up exits, as the electric jeep producer priced the largest initial public offering of 2021.
US-based electric jeep developer Rivian is going public today in an $11.9bn initial public offering that will score exits for corporates Amazon, Ford, Cox Enterprises, Sumitomo and Abdul Latif Jameel.
The company increased the number of shares in the offering from 135 million to 153 million and priced them at $78.00 each, above the $72 to $74 range it had set. It will float on the Nasdaq Global Select Market and the price makes this the largest IPO so far…
