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

[GrokTime]

Are we subject to any kind of 120 day holding typically associated with an IPO if we purchased through Morgan Stanley? Don't recall seeing any kind of disclaimers through that process.

No.

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[irish26]

Is it normal for an IPO to take this long to begin trading? I reached out to my advisor and he assured me it would be s00n ?

 

[Swilly]

Just recently started to dip my toes in the water on stock trading. Previously focused on real estate with my investment money outside the 401k. It’s all of this crazy speculation in price and games the institutions play that keep me from jumping into individual stocks more. Watching companies losing 75% of their value because a drug trial to increase use didn’t hit its target efficacy, makes Vegas look like a safer play.

 

[jeeden]

Curious where you’re seeing that number?

CNBC and all the financial networks track the bidding prices and estimate the "indicated" price should it start trading at any moment. This is the price we all keep talking about. It changes by the second based on preorders etc. Think of it as trading after hours.

 

[jeeden]

Is it normal for an IPO to take this long to begin trading? I reached out to my advisor and he assured me it would be s00n ?

Airbnb took until almost 1:40pm the day it IPO'd last December.

 

[Swilly]

Curious where you’re seeing that number?

Easiest place to find is in your Morgan Stanley account. Click on Rivian and you will see bid/ask on right. At $106 now. Looks to be settling a bit.

 

[Redline]

CNBC is following it live.

 

[Gator42]

Here's the opening bell... I see lots of Launch Green, a Rivian Blue...and is that...Limestone?

 

[R_1_T]

So the question is, if I sell enough of my RIVN stock today to cover the initial investment, do I still need to transfer the money in to clear in T-2?

Yes, the account has to be funded to support the initial share purchase.

 

[thebwk]

MS won't let me place a limit sell order...

 

[Jayhawkeye]

Don't think you can do it until it's live and trading on the market.

 

[Swilly]

It’s live at $105.78!

 

[Gator42]

First trade around $106

 

[jeeden]

Here we go!

 

[irish26]

Looks like its live now

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