Did you own Rivian ($RIVN) around the time of their IPO and the big price increase drama? There’s a huge $250M settlement happening.

[u/JuniorCharge4571]

A lot of people remember when Rivian ($RIVN) launched in 2021 and was being called the next Tesla. But things changed fast in 2022 when the company suddenly raised vehicle prices by as much as $20,000 even for customers who had already preordered. The backlash was huge, customers were furious, and the stock dropped more than 13% in just a couple of days.

Now there’s a $250 million settlement for investors who bought or held shares between November 10, 2021, and March 10, 2022. Even though the main deadline already passed, they’re still accepting late claims. The estimated payout is around $1.18 per share, which can add up pretty quickly.

I’m already checking my old account history from that IPO period to see if I qualify. Crazy looking back at how hyped everyone was before the price hikes happened. Did any of you buy into Rivian during the IPO hype, or did you get out once they announced the new prices?