The electric startup Rivian soared in its stock debut. Why there's so much buzz
Rivian, which has just started deliveries of its battery-powered pickup truck, surged in its first day of trade after completing one of the biggest IPOs in U.S. history.
Electric automaker Rivian hit public markets with a big splash.
Rivian shares surged in their first day of trading on Wednesday, after the company completed one of the largest initial public offerings in U.S. history.
They've settled slightly after the initial pop, but the company is still valued at close to $100 billion — a larger market capitalization than Ford or General Motors has, although not as high as Tesla's mind-boggling $1 trillion valuation.
It's a lot for a company that has built only
