Rivian sees $23bn wiped out following recent market debut

Arab News | Nov 18, 2021 at 12:27 PM
  • RIYADH: The runaway five-day rally in Rivian Automotive Inc. came to an abrupt halt on Wednesday, wiping out over $23 billion from the newly public automaker.
  • Rivian, an American electric car manufacturer, saw its shares slide by 18 percent to $140.35 per share in New York, Bloomberg reported.