DSP (Directed Share Program) to purchase Rivian IPO shares - now live via web portal

[buddha2lotus]

All is well, money was taken out automatically this morning and the shares showed up in my account. Fingers crossed for a good road ahead!

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[ghorse]

All is well, money was taken out automatically this morning and the shares showed up in my account. Fingers crossed for a good road ahead!

Same. ACH confusion resolved

 

[rivianUGA]

Yep, same here, it's showing the shares in the account.

 

[jeeden]

Shares (104 was all I could handle at the new price) showed up this morning. I haven't paid for them yet so it shows the negative balance as expected. I wasn't able to move money directly from another brokerage so I need to move it to my bank first. It seems to show when I initiate the transfer from my bank it will be overnight, must be a relationship between MS and that bank.

Wish I could have bought more

 

[LoneStar]

Like others said, this morning the REG acct shows the IPO shares transacted and the pre-deposited funds debited the correct amount.

The 'odd' thing is I logged back into the other DSP portal and it still seems 'frozen' at step 10 and shows the full amount due in original amount - not Zero dollars.

Oh well, why can't a fancy wall street type enterprise like MS work seamlessly..

 

[wilderaz]

Was the allocation limited to 175 shares regardless of the number of vehicles pre-ordered by one account holder? For example, could someone who had reserved two vehicles receive an allocation of 350 shares (175 x 2)?

 

[Shzeph]

Was the allocation limited to 175 shares regardless of the number of vehicles pre-ordered by one account holder? For example, could someone who had reserved two vehicles receive an allocation of 350 shares (175 x 2)?

I believe so, yes

 

[SANZC02]

Was the allocation limited to 175 shares regardless of the number of vehicles pre-ordered by one account holder? For example, could someone who had reserved two vehicles receive an allocation of 350 shares (175 x 2)?

The original message said it was per person not vehicle. I believe the reservations would have to be in separate names for each to get the 175.

 

[Ladiver]

I can confirm that it was per person. I have two preorders and was limited to 175 shares. I asked if my wife could also purchase and I was told no.

 

[CommodoreAmiga]

I can confirm that it was per person. I have two preorders and was limited to 175 shares. I asked if my wife could also purchase and I was told no.

Your wife isn’t a different person than you?

or do you mean per household?

 

[Scoiatael]

Started an account transfer to get my shares into Fidelity. Lets see how long it takes Morgan Stanley to do that.

 

[Ladiver]

Your wife isn’t a different person than you?

or do you mean per household?

My reservations are both on my account. I was not allowed to add her as a second person for the purpose of IPO.

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