Electric-vehicle maker Rivian Automotive Inc. is set to become a public company, hoping to carve a niche for itself offering EVs for the great outdoors.

Rivian RIVN filed for a confidential IPO in August and priced its shares at $78 each Tuesday night — well higher than their already-elevated range of $72 to $74 a share. The company plans to sell 153 million shares when it goes public Wednesday on the Nasdaq, raising a whopping $11.9 billion. Rivian is valued at about $77 billion on a fully diluted basis.

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