Rivian prices its I.P.O., valuing the electric-vehicle maker at nearly $70 billion.

Rivian, a maker of electric trucks and vans, is going public at a stock price that values the company at nearly $70 billion, a remarkable number that highlights the belief on Wall Street that the fast-growing electric vehicle market is still a wide-open field.

In a securities filing on Tuesday, Rivian said it was selling its shares in the…

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