Rivian raised $11.9 billion through its public offering, the largest haul for an IPO on a U.S. exchange since 2014. “The IPO represents an opportunity to accelerate how quickly we can go,” the company's CEO said.
Electric-truck maker Rivian plans to go public and is seeking a valuation in the tens of billions. But why are investors excited for this IPO and what makes their offering different from other EV startups? WSJ’s George Downs explains.
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