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

[Rhidan]

This article from last night has an interesting paragraph. If this is true, instead of taking profits, most of the biggest holders plan to increase their position. This is a very good sign.

"Over the years, it attracted a wide array of backers. As much as $5 billion of the IPO shares are set to be bought by investors including Amazon, T. Rowe Price, Coatue Management, Franklin Templeton, Capital Research Global Investors, D1 Capital, Third Point Investors, Blackstone Inc., Dragoneer Investment Group and Soros Funds."

Source: https://www.bloomberg.com/news/arti...ide-ipo-price-above-top-of-range?srnd=premium

Page 1 of the prospectus had this information about the cornerstone investors asking for $5 billion (of the original $8 billion)

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[stumptown85]

Indicating $122 now.

 

[kurtlikevonnegut]

CNBC is having live coverage now. They just confirmed Amazon is planning to double down and buy more shares. Ford is likely to offload since the lost their board seat.

 

[jeeden]

now indicating $125

 

[kvenom]

lol, no way am I in at $125. Us Canadian Pre-order holders got the screws twisted into us.

 

[stumptown85]

Someone on Reddit says they can see bidding for $200 picking up

 

[scooter]

Has anyone determined the process for selling these shares? Is this Morgan Stanley account a normal brokerage account where we can set a stop-loss, etc? Can we do it Day 1?

 

[stumptown85]

Has anyone determined the process for selling these shares? Is this Morgan Stanley account a normal brokerage account where we can set a stop-loss, etc? Can we do it Day 1?

Yes, you can sell. Just press the sell button and decide the type of sale you want to do.

 

[UT Rivian]

There’s been a lot of bitching and moaning recently about Rivian on this forum. Some of it, regarding their poor communications, is justified.

But, if RIVN opens >$125, they have gifted >$8,000 to anyone who took them up on the full 175 shares via the DSP. That’s pretty amazing to me.

 

[blturner]

There’s been a lot of bitching and moaning recently about Rivian on this forum. Some of it, regarding their poor communications, is justified.

But, if RIVN opens >$125, they have gifted >$8,000 to anyone who took them up the full 175 shares via the DSP. That’s pretty amazing to me.

Yes, I am feeling much more zen about my whole relationship with Rivian. Might sell enough to cover my deposit(s) and let the rest ride.

 

[rivianUGA]

There’s been a lot of bitching and moaning recently about Rivian on this forum. Some of it, regarding their poor communications, is justified.

But, if RIVN opens >$125, they have gifted >$8,000 to anyone who took them up the full 175 shares via the DSP. That’s pretty amazing to me.

Yup. And I have been one of those people. Was supposed to get the truck in October, and got the call last thursday that it will be Q1 of 2022 now. But also got the 175 shares here through MS. And really happy about that. No intent to sell them. I've believed in the vision of this company since I first heard about them. Will be sticking with this for the long haul. And will be very happy to finally get the truck too, when it arrives.

 

[drwatershed]

Rivian IPO priced at $78/share from a previous range of $57-62/share revised up to $72-74/share. This puts valuation at $77 billion.

Hopefully this will help drive acceleration of their expansion and delivery goals. Rivian still has much to prove and some trust to earn back from all of you early pre-order holders; perhaps just growing pains.

https://www.wsj.com/articles/rivian...sed-target-range-11636502188?mod=hp_lead_pos1

expected open is over 100, buying the IPO instead of predicting the dip might have been the choice. Glad I did. If it does dip I can always double down.... And they let me buy it into my IRA so the gains are all tax free. The last minute targeting of the price may have been based on demand from institutional investors. If we all like the product and the mission of the company why are there so many naysayers on this forum or are you all just future shortsellers. I personally am going long.

 

[Bumble1978]

 

[Sdvictor]

https://www.cnbc.com/amp/2021/11/10/amazon-backed-ev-start-up-rivian-set-to-go-public-.html

"The electric vehicle maker's stock is indicated to open at $125 a share, implying a valuation of as much as $106.6 billion and a 60% pop from its IPO price of $78 a share."

Implied 125/share start of trade

 

[kurtlikevonnegut]

So is anyone going to place a sell limit trade on their position as soon as RIVN starts trading?

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