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

[Dbeglor]

FedEx and UPS are backing their own horses:

https://www.fleetowner.com/news/art...ill-buy-at-least-10000-electric-delivery-vans

https://www.commercialappeal.com/st...p-fedex-express-electric-vehicles/6637138002/

Hey, I'm a Rivian fan and have been in the queue for a couple of years (waiting for my R1S LE) but crazy valuations are crazy valuations. Plenty of room for competitors in the EV space with only 2% of vehicles sold being EV, but I'd be more confident with a little track record before an insane valuation.

Understood, I wasn't commenting on the valuation, because I don't have enough information to do so (even though that's my line of work). Ultimately, valuations of all assets are inflated right now, and there has never been an easier time to raise capital/investment in the history of the world.

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[manitou202]

I only know as we just purchased one. I am doing a lot of back and fourth from Charlotte to Lynchburg. This is about 3 hour drive and only requires one stop for 8 minutes in the polestar. Oh and my some has a Tesla m3 performance and he also has to stop on this same trip for 12 minutes. Biggest difference is free charging and at this point free borrowed money.

We pick up ours tomorrow. We went with a 3 years lease. Payment about $580 a month, 10k miles per year, and with $2k down.

Outside of commuting to work, there are three longer drives I'll take the Polestar. 250 miles round trip to go skiing, 540 miles round trip to visit family, and 140 miles round trip to drive to Denver.

Two of the longer trips (skiing and visiting family) will require a brief charging stop. Our Tesla Model X required charing stops on the same trip, and my guess is a Model 3 would as well.

 

[NashvilleR1S]

Has anyone been contacted about buying shares after signing up?

 

[staples]

Has anyone been contacted about buying shares after signing up?

Sounds like "no."

 

[Monkey]

Once the IPO is approved and info finalized, they will have a prospectus and information on how this will all work. That info should pop up in Rivian accounts for everyone who is eligible.

 

[Rise1Set]

Buy and hold. Rivian has their sh*t together. It’s a stomach churning ride if you’re going to look at the stock everyday, but if you can expect this to be a long term hold 5-7 years, it will likely pay off.

 

[twinprice]

Anyone heard anything else about receiving shares? I submitted the form they sent but I haven’t heard anything else and WSJ just ran an article saying they are still planning on IPOing next week!

 

[harkco]

Anyone heard anything else about receiving shares? I submitted the form they sent but I haven’t heard anything else and WSJ just ran an article saying they are still planning on IPOing next week!

I'm sure we will s00n!

 

[jjswan33]

New article posted about IPO. Behind a paywall:

https://www.wsj.com/articles/rivian...o-valuation-just-above-60-billion-11635792963

 

[CarolinaEAV]

New article posted about IPO. Behind a paywall:

https://www.wsj.com/articles/rivian...o-valuation-just-above-60-billion-11635792963

Summary:

• Valuation is now estimated to be in the low $60 billion range.
• Pre-IPO roadshow events are kicking off tomorrow (Tuesday 11/2).
• The IPO is expected some time next week.
• Symbol confirmed is RIVN

 

[RivianNeighbor]

Valuation in the low $60's Billion range. Update SEC filings expected today. Roadshow for underwriters, management, and investors to begin tomorrow. Shares to trade next week sometime on NASDAQ under symbol RIVN

 

[Tyleem111]

New article posted about IPO. Behind a paywall:

https://www.wsj.com/articles/rivian...o-valuation-just-above-60-billion-11635792963

Thanks for sharing. If others aren’t able to see summary is $60B evaluation, should update filing later money, road show by management to pitch to investors Tuesday, should start trading next week.

Does anyone know if we were offered shares through DSP, how long we have to “come up with the money” we want to invest. For example if we want to move funds from other places.

 

[timesinks]

Does anyone know if we were offered shares through DSP, how long we have to “come up with the money” we want to invest. For example if we want to move funds from other places.

I don't think any details are out about that yet, but my guess is you may only have a day or two of notice to open an account at whatever brokerage they decide to use for the program and fund it. I'd just make sure you have the cash you want to use sitting somewhere ready for withdrawal in the next day or two because the window will probably be open for a very short time only.

 

[Ladiver]

Thanks for sharing. If others aren’t able to see summary is $60B evaluation, should update filing later money, road show by management to pitch to investors Tuesday, should start trading next week.

Does anyone know if we were offered shares through DSP, how long we have to “come up with the money” we want to invest. For example if we want to move funds from other places.

I'm curious what the share price will be, how many are reserved for preorder holders and how many each person can purchase.

I understand that the second and third items are essentially the same, but when will we get those details?

 

[DucRider]

One example of a DSP that is likely very similar:
http://personal.fidelity.com/misc/shares/pdf/faq-RUN.pdf

Does anyone know if we were offered shares through DSP, how long we have to “come up with the money” we want to invest. For example if we want to move funds from other places.

In the above program, you have 3 days after trading begins to fund your account. If you fail to do so, shares will be removed from your account. You would be responsible for any losses (and forfeit any gains)

Best to have the amount you are looking to invest fully (or at least fairly) liquid. It is likely when you open the account with the administering brokerage you can establish links to existing bank/brokerage accounts to transfer money.

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