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

[Trandall]

31% increase over the median value given last week. I wonder if there is anything left on the bone?

Evidently there was and Rivian threw us the proverbial bone. I'm glad it didn't tank out of the gate or I might have been living off the literal ramen noodle diet when it comes time to purchase my R1T.

Congatulations to the Rivian team I'm sure the champagne was flowing last night, deservedly so.
I do wonder how long till they realize that with all that cash comes an investor base with an insatiable appetite for profits and growth and endless litigation from parties that believe Rivian wrongly profited at their expense... Hopefully the team stays grounded and is able to stay focused through the chaos on building inspired vehicles with a core mission.

Sponsored

 

[Zoidz]

I had to fight with my 401(k) guy to let me (clearly my money but he was pushing back on it) buy AAPL at $60. Three splits ago. For several years after that he would send me upbeat news stories about the company. That initial 4-figure purchase is now about $1MM. As for his recommendation to buy Lehmann brothers ... an indication of his knowledge of the market.

LOL. I have an "understanding" with my financial advisor. You manage *those* accounts wisely for me, I manage *these* accounts and it's my game to call. You can see what I am doing and advise, but don't argue with me about my choices. Similar thing with AAPL, he wanted me to sell years ago. Haven't told him about RIVN yet, that will be fun. He really dislikes tech IPO stocks.

 

[yizzung]

Here’s some financial advice: never take financial advice from a bunch of anonymous randoms on a car forum…

 

[Matty J]

And... this is awesome! Good work Rivian Forums!

 

[Jayhawkeye]

So who here is holding long-term?

 

[JerseyGreens]

So who here is holding long-term?

Make a poll.

I would bet many jumped boat once it hit the high yesterday or had limit sell orders at $125 which would have triggered today!

 

[p3ck]

I wish I had bought all 175 but I had come into this willing to lose 10k and stuck to that so I have my 128 shares and I plan to hold for many years.

I did well with RHT stock (I had quite a few options and RSU from working there), I did really well when IBM bought us (kind of a double edge sword but so far they are leaving us alone). Of course I wish I had held on to more stock when the sale went through.

 

[NoDakEric]

my exit strategy is to sell when share price hits $595. That will pay for my RT1 (with the max pack).

 

[Sgt Beavis]

So who here is holding long-term?

definitely.

I bought 150 shares at $100.
I really screwed up. I have another $60K I could have thrown at this.

 

[GrokTime]

my exit strategy is to sell when share price hits $595. That will pay for my RT1 (with the max pack).

Don't forget about taxes!

 

[JerseyGreens]

definitely.

I bought 150 shares at $100.
I really screwed up. I have another $60K I could have thrown at this.

I don't think you screwed up. Just make a limit order at $100 again and your all set.

 

[xyskis]

I was too lazy to change course so I actually got my BChE. At least you’re still dealing with pipes, I am as far away from that now doing Psych, so much happier to be working with people than trying to figure out pipe and reactor sizes?

I trained as a process engineer as well. Still operate on pipes and pumps but of a different variety. Physics still apply, though!

 

[Forager]

Time to eat my crow. I was very frustrated for the IPO pricing to increase so drastically, but I’m glad I looked passed it and did it anyway. Hindsight being what it is, I wish I had surpassed my initial budget, but I stuck to it. Hopefully my 100 shares do VERY well over the next 18-24 months and I can make a nice down payment.

I think I’ll be making a hypothetical “car payment” to RIVN until I get my guide call. An extra few hundred every month —maybe I’ll have my R1S paid off before I even get it.

 

[timesinks]

Time to eat my crow. I was very frustrated for the IPO pricing to increase so drastically, but I’m glad I looked passed it and did it anyway. Hindsight being what it is, I wish I had surpassed my initial budget, but I stuck to it. Hopefully my 100 shares do VERY well over the next 18-24 months and I can make a nice down payment.

I think I’ll be making a hypothetical “car payment” to RIVN until I get my guide call. An extra few hundred every month —maybe I’ll have my R1S paid off before I even get it.

The first day of trading will shoot well above the IPO price more often than not; the bankers intentionally price it lower than interest/demand would otherwise imply. Day one pops are a pretty safe bet.

Whether a stock stays above the IPO price for any length of time after that is, of course, just guesswork. The 180-day lockups expiring will likely create some downward pressure. Sometimes that's very visible, sometimes you don't even notice it.

 

[JerseyGreens]

The first day of trading will shoot well above the IPO price more often than not; the bankers intentionally price it lower than interest/demand would otherwise imply. Day one pops are a pretty safe bet.

Whether a stock stays above the IPO price for any length of time after that is, of course, just guesswork. The 180-day lockups expiring will likely create some downward pressure. Sometimes that's very visible, sometimes you don't even notice it.

Was it confirmed all employees have the 180 day lockup period in the filing?

Sponsored