Is This the Biggest Winner from Rivian Automotive's Massive IPO?

Jamal Carnette, CFA, The Motley Fool
·3-min read
Is This the Biggest Winner from Rivian Automotive's Massive IPO?

Encouraged by Tesla's strong performance, last year saw a deluge of EV automakers debut on the public markets via IPO or via a reverse merger with a special purpose acquisition company, or SPAC. Founder and CEO Robert "RJ" Scaringe downplayed Rivian's IPO intentions, noting as late as November the company was focused on production in response to an IPO-related question. Investors should consider buying shares of Rivian investor Ford (NYSE: F) instead.