Tue, 21-Oct-2025

Amazon’s electric truck maker IPO could raise up to $8.4bn

RIYADH: Rivian Automotive, the electric truck maker backed by Amazon, is seeking to raise as much as $8.4 billion in an IPO that could give it a market value of up to $53 billion, Bloomberg reported. The business plans to allocate up to 7 per cent of its shares to eligible US customers who had … Read more