A look at a Rivian Service Center

A look at a Rivian Service Center

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.

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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.