Electric vehicle maker Rivian Automotive, Inc. NASDAQRIVN is all set to list its shares on Wall Street this week, having amended on Friday the Form S-1 statement originally filed on Oct. 1. Rivian’s IPO Terms: Rivian proposes to offer 135 million shares of its Class A common stock in an initial public offering, with the price estimated in the range of $72–$74 apiece. Depending on the final pricing, the offering could garner gross proceeds anywhere between $9.72 billion and $9.99 billion. Rivian has also provided its underwriters an option to buy 20.25 million shares to cover overallotment, if any. If the overallotment option is exercised, the offering could potentially raise $11.18 billion to $11.5 billion. At the mid-point of the IPO price, the company is valued at $64.4 billion, given it will have 882 million shares outstanding post the IPO. Provided the shares do not experience any downside from the …
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