Electric-vehicle maker Rivian Automotive Inc. priced its initial public offering at $ 78 a share Tuesday night, well above its expected range and valuing the company at $ 77 billion on a fully diluted basis.
The company plans to sell 153 million shares in its offering, raising $ 11.9 billion — a figure Bloomberg News reported makes it the largest IPO of the year and sixth-largest ever on a U.S. exchange.
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