If You'd Invested $10,000 in Joby Aviation Stock at Its IPO, Here's How Much You'd Have Today

Taking flight with a stock shortly after it debuts on the public markets can be an endeavor fraught with risk -- something that early investors in Joby Aviation (NYSE: JOBY) could probably tell you from firsthand experience.Instead of a traditional initial public offering (IPO), Joby Aviation, a developer of electric vertical take-off and landing (eVTOL), first spread its wings on the public markets in August 2021 after it completed its reverse merger with a special purpose acquisition company. While growth investors had high hopes that Joby Aviation stock would soar into the stratosphere, their investments have encountered continuous turbulence.Taking flight on its first day trading under its current stock ticker JOBY, shares of Joby Aviation opened at $10.62 and gained altitude throughout the trading session, closing at a lofty $13.40. In the days since, however, the stock has come back to earth, and it now changes hands at about $6 a share. Those who bought Joby stock the day it began trading after its SPAC merger was completed are down about 61%. Investors who bought $10,000 in Joby stock, consequently, are left with less than $3,900 of their original investment.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool