Announcing our new "CLUBS" section where you can join or create a Rivian club or group! You can use this new feature to conveniently plan and discuss local events, gatherings or other club/group related topics.
So we encourage you to join (or start) special-interest and regional-based Rivian clubs at: https://www.rivianforums.com/forum/group-categories/clubs-groups.1/
wait, does this mean you CANT use the MS account to sell your shares once secured?That's what the original FAQ stated. You can use an existing account to register/buy DSP, but a new DSP account is DSP only.
Edit: Thinking about this a bit more, perhaps doing this lets them avoid a lot KYC hassle/redtape since it is a very limited account for only a single purpose? I for one will be moving my shares to another brokerage, so why go through all the KYC for DSP?
The Rivian Automotive Inc.'s (the "Company") initial public offering is scheduled to price later today, November 09, 2021, any time after 5:00 p.m. Eastern Time.
Well 5PM and 6PM Eastern has come and gone ... still waiting MS? Maybe MS in this case means MicroSoft?????
Anything on the Sofi side of things?Well 5PM and 6PM Eastern has come and gone ... still waiting MS? Maybe MS in this case means MicroSoft?????
Confirmed, you can use the DSP account to sell, then transfer cash elsewhere. You just won't be able to re-invest those funds from the DSP account. You should also be able to convert the DSP account to a full up MS brokerage account but that is NOT a free account. Once you have RIVN shares, you can also have them transferred to another brokerage account and buy/sell/trade there. I think this latter option will be utilized by most.wait, does this mean you CANT use the MS account to sell your shares once secured?
The documents/FAQ clearly address ALL of this if you bother to actually read it.wait, does this mean you CANT use the MS account to sell your shares once secured?
Wait what?The IPO is going live tomorrow. I got this message on my brokerage account,
09 Nov. 2021
Rivian IPO: Restrictions on market orders for Wednesday, November 10
Rivian is expected to begin trading on the Nasdaq Exchange (Symbol: RIVN) on Wednesday, November 10, 2021. Please note the following:
Wow, you are right. I am seeing that also on other sites.The IPO is going live tomorrow. I got this message on my brokerage account,
09 Nov. 2021
Rivian IPO: Restrictions on market orders for Wednesday, November 10
Rivian is expected to begin trading on the Nasdaq Exchange (Symbol: RIVN) on Wednesday, November 10, 2021. Please note the following:
This is not the stupidest IPO on record. You should have seen some of the IPOs from the late 90sNo, this is definitely bat$hit. For a moment there I contemplating just burning $13,000 and posting the video online, but part of me also wants to tell the grandkids that I was there when the stupidest IPO on record happened.