Ford expected to unload part of Rivian stake: report
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Rivian Automotive shares may be poised to flood the market as the post-IPO lockup period for the electric vehicle maker expires on Sunday.
Ford is reportedly one of the companies that will be selling part of its stake, according to Seeking Alpha, quoting a CNBC report.
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Ford plans to dump 8 million of its 102 million share stake, according to the report.
Rivian Automotive shares have fallen since its successful initial public offering in November.