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According to the news, Rivian plans to go public in the fourth quarter and raise up to 8 billion US dollars
According to people familiar with the matter, Amazon-backed electric vehicle startup Rivian is preparing to go public in the fourth quarter and hopes to raise up to $8 billion through this IPO. Rivian secretly submitted an IPO application last month. If its financing scale reaches 8 billion US dollars, it will be the fourth largest US IPO in 10 years. Since 2019, Rivian has raised $10 billion, making it one of the most funded startups in the US. The company's IPO will enable it to expand its business, adding additional production capacity beyond its plant in Normal, Illinois
Hot Chinese stocks rose before the session. BABA rose 2.04%.
Sina Science and Technology News March 9 afternoon news, hot Chinese stocks rose before the market. BABA rose 2.04%, Pinduoduo 3.55%, NetEase, Inc 0.9%, Baidu, Inc. 5.38% and JD.com 0.27%.
Alphabet Inc-CL C rose by more than 7% Q4 before trading and exceeded market expectations and was raised by the investment bank.
Before the US stock market opened on Wednesday, Alphabet Inc-CL C rose more than 7% before the A market, and his performance in the fourth quarter and the whole year was excellent, exceeding market expectations. According to the results released today by Alphabet Inc-CL C's parent company, Alphabet, according to US General Accounting Standards (GAAP), Alphabet's total revenue in the fourth quarter was 56.898 billion US dollars, up 23 percent from 46.075 billion US dollars in the same period last year, and its net profit was 15.227 billion US dollars, up 43 per cent from 10.671 billion US dollars in the same period last year. The annual revenue in 2020 was $182.527 billion, an increase of 12% over the same period last year, and the net profit was 40.269 billion.
The Senate meets on Saturday to discuss Barrett's nomination, which will be confirmed on Monday.
The procedural vote will be held on Sunday and the final confirmation will be held on Monday. On Saturday afternoon EDT, the Senate will meet in a rare session to debate Justice Amy Coney Barrett's entry to the Supreme Court. In a few days, voters will decide whether Republicans will continue to control the Senate and the White House. Democrats strongly opposed the confirmation of Barrett's appointment so close to the election, boycotting the Judiciary Committee's vote on Thursday. Senator Chuck Schumer (Chuck Schumer), Democrat of New York, adopted four kinds of procrastination wars at the Senate meeting on Friday.
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