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2021-11-11

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Rivian shares rose more than 8% in premarket as the stock jumped nearly 30% in its debut

Rivian shares rose more than 8% in premarket as the stock jumped nearly 30% in its debut.Rivian shares closed at $100.73 on last day, marking a nearly 30% jump from its offering price.That made Rivian the second most valuable U.S. automaker after Tesla Inc, which is worth $1.06 trillion. Despite just having started selling vehicles and having little revenue to report, Rivian ranked ahead of General Motors Co at $86.05 billion, Ford Motor Co at $77.37 billion, and Lucid Group at $65.96 billion.

Rivian shares rose more than 8% in premarket as the stock jumped nearly 30% in its debut

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