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Rivian valued at more than $100bln with shares closing at 30% jump

Rivian is valued at more than $100 billion after the world’s largest Initial Public Offering (IPO). There was a 30% jump from the initial public offering of shares, to $100.73. With this IPO, Rivian is the second most valuable automaker in the US. Where Tesla is evaluated to be $1.06 trillion, being the first most valuable automaker.

Rivian IPO: EV Maker Boosts IPO Price Range, Aims for $65-Billion Valuation  | Technology News

Image credits- NDTV

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