Amazon, Ford, Cox Enterprises and Abdul Latif Jameel each own stakes in the electric vehicle maker sized at 5% or higher, as it targets a reported $80bn valuation in the offering.
US-headquartered electric vehicle developer Rivian officially filed on Friday for an initial public offering on the Nasdaq Global Select Market that would represent exits for several corporate investors.
Rivian has just begun making deliveries for its first vehicle, a five-passenger pickup truck called the R1T, and intends to commercially release a seven-passenger sports utility vehicle dubbed the RS1 in December 2021.
The company, which has set a $100m placeholder target for the offering, is yet to generate any revenue…
