Avoid The Rivian IPO. Bet On EV Suppliers Instead?
- Tuesday, November 9, 2021, 7:18
- Market
- Add a comment
Electric pick-up truck startup Rivian is looking to raise about $10 billion via its IPO this week, with its shares priced at between $72 to $74, per its latest SEC filing, valuing the company at upward of $60 billion. So, is the company a good bet for investors? We don’t think so…