No final decision has been made and the details of its potential listing could change, the people said.
Representatives for JPMorgan Chase and Morgan Stanley declined to comment. A representative for Goldman Sachs didn’t immediately respond to a request for comment.
Rivian was worth $27.6 billion when it announced in January that it had raised $2.65 billion from backers including T. Rowe Price Group Inc., Fidelity Investments and Amazon, Bloomberg News reported at the time.
Subscribe to Crain’s for $3.25 a week
Rivian is among several electric-vehicle startups trying to bring new vehicles to market and take on industry leader Tesla Inc. Rivian is aiming to make tens of thousands of vehicles in its Illinois plant over the course of the next year, even as it potentially goes public.
On Thursday, Rivian said delivery of its debut vehicle—a battery-electric pickup called R1T—would be delayed to July from June, without saying why.
The company has experienced delays in receiving parts from suppliers due to backlogs at U.S. ports that are affecting the entire auto industry, according to people familiar with the matter. The later date also gives the company more time to iron out details and logistics for its first deliveries to customers, one of the people added.