Irvine-based Rivian Automotive Inc. amended its per share price to $78 late Tuesday and will begin trading Wednesday on the Nasdaq.
The company will trade under the ticker RIVN.
The latest pricing surpasses the high end of the $72 to $74 per share range the company estimated in a regulatory filing last week.
Rivian said it expects to raise some $11.9 billion from the IPO. The figure does not include the underwriters’ option to buy an additional 22.95 million shares of stock.