There was no lack of enthusiasm for this IPO.
Rivian made his debut on the stock exchange with a lot of fanfare.
It's the biggest IPO of the year to date, and with an initial valuation of $ 77 billion, the company is worth more on the stock market than traditional German car brand BMW.
This has nothing to do with economic success.
Whether Rivian really delivers what it promises is still in the stars. With its strict focus on electric cars, however, the US company hits the nerve of investors. Electricity pulls, and everyone goes along with it. In the meantime, only car rental companies like Avis have to announce that they are adding Tesla models to their vehicle fleets, and the share price will go through the roof. The car rental company Hertz didn't even have to show the signature of contracts with Tesla to trigger storms of enthusiasm. Who cares about a sometimes very erratic Tesla CEO Elon Musk, who can decide on the weal and woe of the Tesla course via Twitter? Close your eyes and go through, it'll be fine.
Now investors are electrified by the idea of having found a new Tesla in Rivian.
Taking such a risk is the lifeblood of stock market trading.
However, this also creates bubbles.
That shouldn't deter anyone from investing wildly in future technology.
But nobody should say afterwards that they didn't know anything about it.