(CNBC) Electric vehicle start-up Rivian Automotive is targeting a market valuation of as much as $54.6 billion in its upcoming initial public offering, according to its amended prospectus filed Monday. The company said it plans to offer 135 million shares priced between $57 and $62, with an option for underwriters to purchase up to 20.25 million additional shares.
Amazon-backed EV start-up Rivian plans to price shares up to $62, putting valuation near $55 billion
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