One of Rivian Automotive Inc.’s big-name investors, Soros Fund Management LLC, hopes the electric-vehicle startup will list at a valuation lower than the $80 billion target reported by Bloomberg in August.
“I think my compliance people might yell at me for talking about this, but we think that is a great company,” Dawn Fitzpatrick, Soros’s chief executive officer and investment chief, told Erik Schatzker on Tuesday at the Bloomberg Invest Global Summit in New York. “Candidly, we hope they come public a little bit cheaper than that because we want there to be a long-term value play there.”
