As Rivian Automotive Inc (NASDAQ:RIVN) stock trades more than 85% down compared to the post-IPO high of $172.01, the question arises: where’s the floor? Promising IPO in a High-liquidity MarketRivian shares shot up 53% in its Nasdaq debut in November 2021, taking the electric vehicle (EV) maker’s valuation to over $100 billion. Shares of Rivian closed at $100.73 on its debut day, representing a 30% surge from its initial public offering (IPO) price. The company previously priced an IPO of 153 million shares at $78 per share. Q1 2022 hedge fund letters, conferences and more The company’s debut …