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brainf18

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Did you really buy the shares or just confirm your interest? If you purchased how did you do it since there seems to be no link on the DSP confirmation page or on MS online
email received…shares bought….done.
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GrokTime

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My understanding is that if you signed up for 175 shares you might not get 175 shares. If you get any shares tomorrow they will be allocated to your account at $78 per share. You will owe Morgan Stanley that amount and have a few days to ACH or wire it into your account if you don't have the money in the account already. If you sell your shares at a loss prior to "paying" for them, you will still owe MS $78 per share.
 

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Did anyone get an email from Morgan Stanley confirming the number of shares they were buying? I got nothing from them on my shares, but they did email me to confirm that I made a request to transfer funds.
No, but after encountering the same issue as others with the ACH log in, I clicked the link again to verify that my shares were locked in and I got a screen that said "shares confirmed" or something like that, so I felt better about it.
 

Zoidz

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As man others I am stuck here:

1636513243934.png


THere should be a FINALIZE/confirm button.
That's all for now. Go to the MS account to initiate fund transfers if you have not done so.
 

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Must be quite a few people trying to pay right now. It seems the website is crashed.
 

brainf18

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Just got off the Phone with CSR at MS. Here's the deal. After they receive confirmation the shares will be put in your MS account with a negative cash balance. Once the funds are there within time frame the funds will be automatically deducted and the shares become yours. So basically we purchased RIVN stock on layaway.
 

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onthebrake

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Isn't it after hours? Did they answer?


Should you require additional assistance, you can contact the Morgan Stanley Service Center:


Phone:
  • 877-580-8237 (US Toll-Free) / +1 801-617-9146 (International Collect)

Hours of Operation:
  • Monday - Friday from 8:00 a.m. to 7:00 p.m. Eastern Time
Not yet. I'm over it. I'll figure it out tomorrow.
That's all for now. Go to the MS account to initiate fund transfers if you have not done so.
The funds are already there. How do I initiate the transfer ?
 

EveryAmp

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Not yet. I'm over it. I'll figure it out tomorrow.

The funds are already there. How do I initiate the transfer ?
Sounds like tomorrow it will apply the shares to your account, withdraw funds or show a negative balance for what's remaining. You should be good to go.
 

ja_kub_sz

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Yeah I think you have till the 11/15 to finalize payment?

I got my 175... Not just want to get a few more ?
 

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Take a close look at the text on step 10 - Confirmation:

Someone had joked earlier that you could commit to buy, but not fund, if the IPO dropped in value Wednesday. This says that if they sell at a loss because you fail to fund, you are liable for the loss.

Rivian R1T R1S Official: Rivian IPO priced at $78 per share (@ $77 billion valuation)! 1636513922273
 

McRat

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I watched the video on the ACH DSP transfer process:
A) There is no "DSP" account.
B) The MS account balance on the Transfer screen is wrong.
C) 1/2 the time you enter the MS site from the link, it crashes. It's not passing the parameters correctly is a good guess: " An error occured while loading market data "
D) It should have actually secured the funds, and it does not.

Best guess would be that they did not want you to set up the ACH link until AFTER the confirmation, but that's not what they wrote earlier.
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