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InvestmentsRivian valued at $93 billion on debut, after world's biggest IPO of...

Rivian valued at $93 billion on debut, after world’s biggest IPO of 2021 By Reuters

© Reuters. A Rivian R1T pickup, the Amazon-backed electrical car (EV) maker, is pushed by way of Times Square throughout the firm’s IPO in New York City, U.S., November 10, 2021. REUTERS/Brendan McDermid

(Reuters) – Shares of Rivian Automotive Inc opened nearly 37% larger on the Nasdaq on Wednesday, giving the Amazon-backed electrical car maker a market valuation of almost $93 billion and making it the second most useful U.S. automaker.

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