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If You’d Invested $3,000 in Rivian Automotive in 2021, This Is How Much You Would Have Today
Rivian Automotive (RIVN -7.32{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}) was one of the hottest IPOs of 2021. The maker of electric powered vehicles, SUVs, and vans went general public at $78 a share in November 2021, and it created a ton of buzz mainly because its prime investors ended up Amazon (AMZN -2.36{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}) and Ford Motor Corporation (F -1.41{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}). Rivian had also began mass-manufacturing its electric powered automobiles (EVs) in advance of its IPO, which created it look more trustworthy than other pre-generation EV makers that went community by merging with exclusive purpose acquisition organizations (SPACs). Rivian’s stock opened at $106.75 on the first working day and skyrocketed to an all-time large of $172.01 just…