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markets startups

Rivian Shares Surge For a Second Day and Are Now Up 57% From IPO

By
Steve LeVine
· · Source: The Wall Street Journal

Rivian has delivered around 160 electric pickups. Yet its share price rose another 22% on Thursday, its second day of trading, giving it a total spike of more than 57% so far this week, and a market cap above $115 billion. That value is not very far from that of Volkswagen, which delivered 9.3 million vehicles last year and earned $12 billion. What’s happening is that, while the electric...

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