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309 Tesla’s biggest Cybertruck competitor just rolled out the biggest IPO this year

The Next Web
Cate Lawrence @ The Next Web · 11/10/2021 12:39 EDT

Tesla’s biggest Cybertruck competitor just rolled out the biggest IPO this year

Rivian today showed that people “will come” even before you build it. Today, the electric truck manufacturer raised a massive $11.9 billion in its initial public offering (IPO). This is the biggest so far this year and the sixth-largest ever on a US exchange. It trumps Uber which raised $8.1 billion in 2019. The company, founded in 2009, is now valued at more than $77 billion — nearly as much as traditional companies Ford and General Motors. Shares were offered at $78 each — above the previously estimated p

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