Rivian autumnmotive went public in the biggest ipo since 20 14. The maker of electric vehicles priced its stock at 78 dollars. Ended the week with the stock closing in on 130 dollars a share, with a market cap bigger than every auto maker not named tesla. They raised 12 to 13 billion dollars or with about a hundred and 53 million shares they issued.
Consumer prices rise by more than 6% in October, the biggest increase in inflation in more than 30 years. Johnson & Johnson announces plans to split into two companies. Rivian Automotive records one of biggest IPOs of all time. And Disney slips on slowing streaming growth. Motley Fool analysts Andy Cross and Jason Moser discuss those stories and weigh in on the latest from Roblox, The Trade Desk, Upstart Holdings, and PayPal. Plus, our analysts debate the merits of Arby’s Vodka and share two stocks on their radar: Sea Limited and Unity. And Motley Fool analyst Maria Gallagher talks with bestselling author Ben Mezrich about his new book, The Antisocial Network: The GameStop Short Squeeze and the Ragtag Group of Amateur Traders That Brought Wall Street to Its Knees.
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