Tagged: IPO

Amazon-backed electric vehicle maker Rivian files for IPO

Electric vehicles updates

Rivian, the electric vehicle company backed by Amazon, has filed confidentially for an initial public offering, the company announced on Friday.

Founded in 2009, the Irvine, California-based company, seen as a significant challenger to Tesla, is seeking a valuation of more than $70bn, according a person familiar with its plans.

A spokeswoman for Rivian declined to comment on the target, nor share a proposed timeline for when the listing might happen. Goldman Sachs is leading the offering.

According to data from

Read more

Rivian, electric vehicle maker backed by Amazon, files for IPO

Amazon plans to have 10,000 new electric delivery vans from Rivian on the road as early as 2022 and 100,000 of the vehicles on the road by 2030.

Amazon/Jordan Stead

Rivian Automotive, an electric-vehicle start-up backed by Amazon, announced Friday that it has filed a confidential draft registration form for an IPO.

The size and price range for the IPO has not been determined, the company said in a release. Rivian did not immediately respond to CNBC’s request for comment.

The news comes months after Bloomberg reported that the company had selected Goldman Sachs, JPMorgan and Morgan Stanley as underwriters

Read more

CarTrade Tech IPO opens for subscription: Key things to know

NEW DELHI: Online auto classified platform CarTrade Tech’s initial public offering (IPO) is now open for subscription. The company has fixed a price band of Rs 1,585-1,618 per share for its nearly Rs 2,999-crore initial offer.
The initial share sale will be entirely an offer for sale (OFS) of 18,532,216 equity shares. The IPO will conclude on August 11.
At the upper end of the price band, the IPO is expected to mobilise Rs 2,998.51 crore.
Here are the key things to know about the CarTrade IPO:
*CarTrade is also a software company that has created interconnects between
Read more

CarTrade IPO, CarTrade IPO price, CarTrade IPO date, CarTrade IPO GMP, CarTrade IPO GMP today, CarTrade IPO Grey Market

CarTrade IPO date,CarTrade IPO gmp
Image Source : CARTRADE.COM

CarTrade IPO subscription opens on August 9

CarTrade Tech IPO will open for subscription on August 9. The company has fixed a price band of Rs 1,585-1,618 per share for its nearly Rs 2,999-crore IPO. The IPO subscription of CarTrade, an online auto classified platform, will conclude on August 11. 

CarTrade’s initial share sale will be entirely an offer for sale (OFS) of 18,532,216 equity shares. At the upper end of the price band, the IPO is expected to mobilise Rs 2,998.51 crore.

Cartrade claims that 32 million unique visitors came to the platform in the

Read more