Is Rivian’s (RIVN) IPO about to Mark the EV Sector’s Top?
https://wccftech.com/is-rivians-rivn-ipo-about-to-mark-the-ev-sectors-top/
Rivian (RIVN), the EV manufacturer that enjoys backing from Amazon and Ford, is in the limelight among financial analysts and investors today as it gears up for its much-anticipated public flotation.
Nonetheless, given the subpar debut performances of most IPOs over the past couple of months, some investors are worried that Rivian’s public flotation might open the doors for a wider correction in the frothy EV sector. Let’s disassemble.