Rivian files for IPO, $80 billion target is 350 times Tesla’s IPO valuation

Rivian R1SThe electric vehicle maker Rivian confirmed Friday that it is planning to pursue an initial public offering (IPO) this fall, aiming for a valuation roughly 350 times that of Tesla’s IPO in 2010. Rivian confirmed Friday that it has submitted its S-1 registration to the U.S. SEC. Bloomberg noted that Rivian would seek roughly an $80 billion...