Based on the Electric Vehicle maker Rivian and its Initial Public Offering (IPO) on November 10, 2021 answer the following:

Rivian's financial managers were deciding to bolster the company's capital structure (balance sheet composition) through this equity offering. Was their timing good? Do you think Rivian will ultimately be a successful and profitable company?

- How much money did Rivian raise in this IPO? What was the value of the entire company (i.e. its market capitalization or market value) based on this IPO and what is it now? How have Rivian shares performed since the IPO and especially compared with Tesla.

- Does the market capitalization of this relatively young company strike you as too high or too low? Should it be in the same ballpark as a more established competitor like Tesla?