Get Rich Quick?
Rivian is all investors can talk about now, and rightly so. The maker of electric trucks and SUVs just went public, and it's already valued at a staggering $86 billion, according to CNBC. Investors who bought stock at the $78 IPO price have already made a pretty penny, with the stock rising 29% in one day. Only time will tell if Rivian continues to surge, but we can look back at some other famous companies to help polish our crystal balls. Here's how an investor would have fared by buying 100 shares of companies including Amazon, FedEx, and Tesla at the moment of their initial public offering and holding them until recently, a range of eight to 102 years. These simplistic calculations are based on each stock’s closing price on Sept. 10, 2021, and you may notice a pattern in which the growth in the number of shares (known as stock splits) plays a significant role in many of the more successful companies.