Rivian Gets Maiden Bullish Recommendation Despite Lofty Post-IPO Valuation
December 05, 2021 at 15:29 PM EST
EV startup Rivian Automotive, Inc. went public in early November by offering 153 million shares at $78 a share, giving it a massive initial public offering valuation of over $100 billion. Since then, the stock has pulled back amid profit taking.
