Electric-truck maker Rivian filed paperwork to go public earlier this month, and is expected to be the largest IPO of the year. That’s especially significant given that Rivian is basically a pre-revenue company and 2021 is already the largest year ever for IPOs in terms of proceeds.
Rivian’s IPO is expected to round out a slew of IPO and SPAC deals from electric vehicle companies over the past year or so. That surge in prominent public-market debuts from EV companies could mean more demand—and funding—for startups that provide support and infrastructure for electric vehicles, industry watchers say. READ MORE