Rivian stock plunges as IPO lockup expires, allowing Ford, Amazon to sell shares

Rivian stock plunges as IPO lockup expires, allowing Ford, Amazon to sell shares

“We would not be stunned by a stake sale/reduction by Ford submit Rivian’s lockup expiration,” Robert W. Baird analyst George Gianarikas wrote in a note on Might 1. Ford, which invested $1.2 billion in Rivian, has been non-committal about its financial commitment, and its very own electric pickup truck, the F150 Lightning, is acquiring early