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.