Rivian raises $11.9 Billion in its Wall Street debut

An American automaker, Rivian which specializes in making electric pickup trucks, vans and sport utility vehicles has announced that now it will be raising $11.9 billion in its Wall Street debut.

Highlights

• Rivian is set to deliver 100,000 vans to Amazon
• The automaker is backed by Ford and Amazon

Rivian set its IPO price at $78 per share, is backed by Amazon and Ford. Th....