1 IPO I'm Excited About in 2021

Electric vehicle stocks have been among the hottest stocks on the market over the past year, and even new entrants with no revenue are getting huge valuations and some are getting caught up in controversy. Not only did Tesla's (NASDAQ: TSLA) 52-week-high nearly triple its 52-week-low, Lordstown Motors (NASDAQ: RIDE), Nikola (NASDAQ: NKLA), and others have hit the market -- or will shortly -- to both wide acclaim and some derision.

But that isn't the electric-vehicle-related stock (soon to IPO) that I'm excited about. There is an EV company potentially hitting the market later this year called Rivian and it's a start-up that's already raised $8.2 billion from the likes of Amazon (NASDAQ: AMZN), Ford (NYSE: F), Cox Automotive, and other big investors with real potential. Bloomberg reports that the company has selected underwriters for an IPO and it could reach the market this fall.

But it's not the money Rivian has raised that excites me, it's the products the company plans to offer. 

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Source Fool.com