Rivian Automotive, an electric vehicle startup, is looking to raise more than $60 Billion in its initial public offer. Sources familiar with the matter told CNBC.

According to sources, Rivian intends to list on the Nasdaq as early as next week. The valuation may shift before then. Rivian reports that the company plans to list on Nasdaq with the ticker symbol RIVN. IPO prospectus filed last month

Rivian would be the most valuable of a number of start-ups in electric vehicles and newly public companies out the U.S. Fisker Lordstown MotorsLucid and it would be on the same level as Chinese electric vehicle manufacturer NioThis is a placeholder page for. Rivian would be slightly more valuable than the traditional auto giants, such as FordInvestors are also called investors. GMPlease see the following: Stellantis(given its name by the merger between Fiat-Chrysler & PSA).

Rivian’s commercial last-mile vans are being developed for Amazon. Amazon has stated that it expects to have 10,000 vans in operation by 2022 and 100,000 vehicles by 2030. The company also beat Amazon. TeslaGM, Ford brought an electric pickup on the market, the R1T. This model has already received praise.

Amazon last week disclosedRivian has 20% of its equity stake, and this, together with other equity investments had a total carrying value up to $3.8 Billion. Rivian stated in an earlier securities filing that Amazon had invested over $1.3 billion into Rivian.

CNBC has learned that Ford controls a 12% share of Rivian.

Rivian spokesmen declined to discuss the expected IPO valuation of the company or Ford’s share in the startup.

News of Rivian’s estimated valuation was first reported by The Wall Street Journal

WATCH: Amazon reveals it has 20% stake in Rivian