Rivian's $1.
7 Billion Ask: A Sign of a Market Misaligned with Reality Rivian's decision to sell 75 million shares at a valuation of around $20 per share has sent shockwaves through the market, causing its stock to slip 11% in early trade on Tuesday.
This move may seem like a vote of confidence from investors, but upon closer examination, it appears more like a desperate attempt by Rivian to raise capital.