Official: Rivian IPO priced at $78 per share (@ $77 billion valuation)!

[OrthoBlock]

So is anyone going to place a sell limit trade on their position as soon as RIVN starts trading?

I'm sure someone will. That someone is not me.

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[Dark-Fx]

Why would anyone set out to sell their IPO stock for the amount they put in it? Especially a company like Rivian that has so much potential. If you didn't think they could pull off their valuation you wouldn't have invested in the first place.

 

[St Bernard]

Why would anyone set out to sell their IPO stock for the amount they put in it? Especially a company like Rivian that has so much potential. If you didn't think they could pull off their valuation you wouldn't have invested in the first place.

Use the money to buy the Camp Kitchen.

 

[LaunchGreen]

Why would anyone set out to sell their IPO stock for the amount they put in it? Especially a company like Rivian that has so much potential. If you didn't think they could pull off their valuation you wouldn't have invested in the first place.

If it opens at $125, you would be selling at a 60% gain. Or, another way, you could sell 60% of your shares, get your original money back, and have a free ride.

 

[McMoo]

So is anyone going to place a sell limit trade on their position as soon as RIVN starts trading?

Yes, that someone is me. Maybe a $110 limit sale.

 

[kurtlikevonnegut]

Yes, that someone is me. Maybe a $110 limit sale.

A $110 limit when it is tracking to start trading at $125?

 

[747 Whalewatcher]

Did anyone else decide to dive in at the last minute? I flip-flopped five times and went to bed deciding to pass on it...woke up and thought.... WTH... Confirmed the shares at 6:58 EST...but I'd rather just have my R1T!

 

[SANZC02]

Those have all done well long term, but they all fell below IPO price within the first year of trading.

ABNB fell 20% below IPO within its first first month, then picked up and hasn’t fallen below IPO since

DASH went on an initial tear and then fell to 50% of IPO value 7 months later. It’s well up again.

SNOW also fell below IPO 7 months later, with some massive gains in between.

Sitting it out isn’t a bad strategy if people wait and don’t FOMO in if the stock surges. There will definitely be a small sell off 6 months from today when employees are able to sell stock —their salaries are heavily tied to stock compensation and living in California isn’t cheap.

Disclosure: I’m in for 100 now. Hoping to buy more, lower, later.

I think you need to check your numbers. ABNB had an IPO of $68. It opened over twice that but I do not ever see it trading below $100 and no closes below $120.

Did not look at the other stocks mentioned but there is a difference between IPO price and initial trade opening price.

 

[kvenom]

Wasn't it supposed to open at 11am?

 

[jeeden]

I started out thinking I would sell some. Now I wish I could have bought the full 175, could only handle 100 shares.

 

[kurtlikevonnegut]

I started out thinking I would sell some. Now I wish I could have bought the full 175, could only handle 100 shares.

Yeah I only had the stomach for 65 shares but looking at where they are talking about opening I'm kicking myself for not going all in.

 

[RivianXpress]

If it opens at $125, you would be selling at a 60% gain. Or, another way, you could sell 60% of your shares, get your original money back, and have a free ride.

minus your short term gain tax.

 

[carl]

I started out thinking I would sell some. Now I wish I could have bought the full 175, could only handle 100 shares.

Yeah, did the exact same thing. Enough to feel like I didn't miss out if it did go to the moon, but not too much if it flopped in which case I could double down on a dip.

 

[Jayhawkeye]

My plan is to bascially stop sell for the intro price. No risk and all reward, unless it dips below $78 in the evening hours and my sale triggers first thing the next morning.

 

[stynes]

Yup. And I have been one of those people. Was supposed to get the truck in October, and got the call last thursday that it will be Q1 of 2022 now. But also got the 175 shares here through MS. And really happy about that. No intent to sell them. I've believed in the vision of this company since I first heard about them. Will be sticking with this for the long haul. And will be very happy to finally get the truck too, when it arrives.

I have an early R1S order (12/3/2018) so I didn't get the same call but otherwise in the same boat. Also interested in following your experience, @rivianUGA, as I'm also in Atlanta. Curious to see how location affects priority.

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