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Rivian Hits Record Numbers on First Day of Trading

Shares of Rivian Automotive hit record numbers as the highest Initial Public Offering since 2014.

 

With a plant in Normal, the Electric-vehicle startup company began trading for the first time on the Nasdaq under the ticker symbol "RIVN." Common shares began trading at noon on Wednesday at $106.75 and hit a high of $119.38. Kevin Kingston, a Financial Advisor with Savant Wealth Management, said it's a monumental day for central Illinois.

 

 

At the close on Wednesday, shares popped 29% from the IPO price of $78 to $100.73.

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