Rivian IPO raised $11.9 billion in new equity — the sixth-largest haul ever on a U.S. stock exchange
NEW YORK — Shares of Rivian Automotive Inc. surged on Wednesday right after the electric powered vehicle-maker lifted about $11.9 billion in the most significant preliminary general public featuring of the yr. Shares in Rivian rose to as substantially as $119, but finally shut the working day at $100.73, supplying the startup organization a marketplace