Workflow
If You'd Invested $500 in Rivian Stock 3 Years Ago, Here's How Much You'd Have Today
Rivian AutomotiveRivian Automotive(US:RIVN) fool.com·2024-05-27 00:25

Rivian went public in 2021. If you had invested the day of the IPO, how much would you have now?Rivian (RIVN 4.92%) stock went public in 2021 to great fanfare. At the time, shares traded at a price-to-sales ratio of 60. That type of valuation is typically reserved only for hypergrowth companies. If you had put 500intoRivianstockthedayitwentpublic,howmuchwouldyouhaverightnow?Theanswermightsurpriseyou.A500 into Rivian stock the day it went public, how much would you have right now? The answer might surprise you.A 500 investment in Rivian would now be worth this muchInvesting in growth stocks can b ...