Rivian IPO Cons Rivian is being sued by Tesla, this is a dark cloud hanging over it.
The EV and IPO markets are hugely speculative, and overvaluation is a risk.
Rivian has yet to deliver a vehicle commercially to the wider public and the Amazon order is not guaranteed. This is already priced into the valuation so if they don't deliver the share price could easily plummet.
There is a risk investors could pull out at IPO due to no lock-up agreement, which would cause volatility early on.