At the IPO met with greater interest than expected.
(Photo: Reuters)
new York The electric vehicle manufacturer Rivian met with great interest on its stock market debut. The stock started trading at $ 106.75, up 37 percent. Rivian was already worth a good 90 billion dollars when it went public – more than America’s largest automaker General Motors (GM) and Ford. Initially, it was expected that the share could open at over 120 dollars, but the mood surprisingly had improved shortly before the start of trading cooled down.
The start-up from Irvine, California, currently has three models to choose from: the R1T pickup truck, the R1S SUV and a delivery van that was developed together with major investor Amazon.
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