Rivian’s Blockbuster IPO Drives Valuation Above Ford, General Motors

A Rivian truck

Photographer: Elliot Ross
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Hi, it’s Lizzie here in New York, where we’ve spent the morning watching Rivian’s indicated trading price go up, and down, and up again … and finally open. We’ve got (lots) more on 2021’s biggest IPO below.

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After raising a massive $12 billion in its initial public offering, electric truckmaker Rivian has made its public market debut and officially become a member of the coveted $100 billion club.