Rivian Shares Plunge 64% in First Year Among Top 10 IPOs
RIVN•Electric-vehicle maker Rivian saw its shares plunge 64% in the first year after its U.S. IPO, making it the second-worst performer among the 10 largest U.S. listings over the past decade. Only Didi Global, which fell 84%, suffered a steeper decline in that period.
1. Rivian's First-Year Decline
Rivian's stock price dropped 64% within 12 months of its U.S. initial public offering, marking the second-largest first-year decline among the largest IPOs of the past decade.
2. Comparison with Other Major IPOs
Only Didi Global posted a steeper decline, with shares tumbling 84%, while other major listings like Arm Holdings and Snowflake achieved positive first-year returns.
3. Investor Implications
This performance underscores investor caution around high-valuation debuts in the electric vehicle sector and may influence expectations for future EV issuers.
