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Rivian’s Backers Gear Up for the IPO

Several of the firm’s hedge fund investors plan to pick up large quantities of the automaker’s stock.

A number of high-profile hedge fund firms are preparing for the long-anticipated initial public offering of Rivian Automotive.None of them are listed as 5 percent owners in the latest S-1 filing. But they were smaller investors in past major financings who have also indicated plans to buy a substantial number

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