I'm skeptical that Rivian’s IPO will deliver for investors, even with the lower valuation. Investors shouldn’t buy a stock just because it’s in a hot sector.

Investors should avoid Rivian stock after its IPO for 4 key reasons, an equity-research firm says By Mark Matousek Rivian Nov 5, 2021, 3:04 AM PT ...

What Happened? Shares of electric vehicle manufacturer Rivian (NASDAQ:RIVN) jumped 6.6% in the afternoon session after a ...

Tesla had about 500 employees at the time of its IPO. Rivian had more than 9,100 employees as of October 31. Technology developments since Tesla’s IPO have also helped boost Rivian’s prospects.

Rivian stock has trended upward recently despite facing challenges. Here is a look at where the stock could be in a year.

The company has priced its IPO at $78 a share to raise about $11.9 billion. The IPO comes as Rivian delivered its first vehicles, exclusively to its own employees, just a couple of months ago.

Rivian’s offering, if successful, would be the first non-SPAC IPO for a pure-play electric vehicle maker in more than a decade. That path was originally paved by Tesla (NASDAQ:TSLA) in 2010.

A bet on Rivian’s IPO, then, is in great part a wager that Amazon does in fact buy the 100,000 vehicles that it is expected to, and we’d add on a timeline and price point that work for Rivian.

Rivian is now valued at nearly $100 billion, a sign of the strong demand for EV companies among investors. Rivian stock hit a high of $113.90 per share, well above its IPO pricing of $78 per share.

Rivian’s super-charged IPO is a good test of the staying power of the meme stock craze that has helped propel companies like Tesla to new heights. The electric vehicle company is going a more ...