Bangalore: electric vehicle manufacturer rivian Automotive Inc., which is backed by both heroine.com Inc. and Wade The motor company said Friday it is targeting a valuation of about $65 billion in its initial public offering in the United States.

The company, which last month disclosed losses of about $1 billion in the first half of this year, said it would sell 135 million shares at a price range between $72 and $74 each.

Morgan Stanley, Goldman Sachs and JP Morgan are the principal underwriters. Will be listed on Rivian Nasdaq Under the symbol “RIVN”.