EV maker Rivian set for high-profile market debut after mammoth IPO

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Reuters

(Reuters) – Amazon-backed electric vehicle maker Rivian Automotive Inc is set for a highly anticipated Nasdaq debut on Wednesday, after raising nearly $12 billion in an upsized offer that made it one of the biggest U.S. initial public offerings. Since last year, companies in the EV space have emerged as some of the hottest investments and Wall Street’s biggest institutional investors are betting on Rivian to be the next big player in a sector dominated by Tesla. The EV market is also witnessing a surge in demand globally, as consumers become more environmentally conscious and bet on eco-friend…

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