Rivian Automotive IPO Surges
This is a news story, published by Yahoo Finance, that relates primarily to Rivian Automotive news.
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Rivian shares tradingThe Motley Fool
•Could Buying Rivian Automotive Stock Today Set You Up for Life?
75% Informative
Electric vehicle maker Rivian Automotive went public at $ 78 per share in its IPO on Nov. 9, 2021 .
Today , Rivian shares trade for about $10 , giving it a humbler market cap of $10 billion .
The bulls fled as Rivian 's growth slowed, it racked up steep losses, and rising interest rates popped its valuations.
Could buying Rivian now while the market is shunning it set you up for massive gains in the future?.
It's far too early to assume Rivian could replicate Tesla 's growth trajectory.
With Rivian shares trading at these prices, the downside risk for new investors could be limited.
Rivian certainly has the potential to turn a modest investment into a major asset.
But its stock could easily be cut in half again if the company can't meaningfully ramp up EV production.
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