Is Rivian’s (RIVN) Proposed $80 Billion Valuation a Poisoned Chalice?
https://wccftech.com/is-rivian-rivn-proposed-80-billion-valuation-a-poisoned-chalice/
Rivian (RIVN), the EV manufacturer that enjoys backing from Amazon (NASDAQ:AMZN) and Ford (NYSE:F), is about to undergo one of the most anticipated public flotations of 2021, with the company now having filed for an IPO, albeit confidentially.
While this announcement was expected, the fact that Rivian is now seeking an $80 billion valuation has raised quite a lot of eyebrows, especially as the company is still largely in the pre-revenue phase, barring the delivery of a few prototype delivery vans to Amazon for testing.
Is Rivian’s (RIVN) Proposed $80 Billion Valuation a Poisoned Chalice?
Aug 29, 2021, 5:30pm UTC
https://wccftech.com/is-rivian-rivn-proposed-80-billion-valuation-a-poisoned-chalice/
> Rivian (RIVN), the EV manufacturer that enjoys backing from Amazon (NASDAQ:AMZN) and Ford (NYSE:F), is about to undergo one of the most anticipated public flotations of 2021, with the company now having filed for an IPO, albeit confidentially.
> While this announcement was expected, the fact that Rivian is now seeking an $80 billion valuation has raised quite a lot of eyebrows, especially as the company is still largely in the pre-revenue phase, barring the delivery of a few prototype delivery vans to Amazon for testing.