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

[Dark-Fx]

Nope. “Calculator” locks at 175

Don't tell anyone but the form doesn't actually validate the amount after submitting it if you just turn the "Continue" button back on... Not sure if I'm brave enough to complete the application with a value higher than 175. Doing that seems to truncate the value if you continue.

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[Monkey]

I just opened Morgan Stanley account thru DSP invitation, but didn't see option to transfer money or how to send (wire) money to DSP account.

You have to wait for them to approve your account. Then you can link bank info and finish up to be ready.

 

[Monkey]

For those complaining about the 175 share limit, this isn’t unusual. Remember, this is a pre-buy for the IPO that is extended to reservation holders as a perk. When the IPO goes live, we can all buy all the shares we can get ahold of. I think the pre-buy allotment for reservation holders is very equitable and a reasonable amount. As others have pointed out, it keeps the purchase amount close to $10,000 for anyone who takes all 175.

 

[buddha2lotus]

I'm on the west coast, you? Maybe it's a time zone thing.

east coast here, hopefully we'll get it soon

 

[harkco]

For those complaining about the 175 share limit, this isn’t unusual. Remember, this is a pre-buy for the IPO that is extended to reservation holders as a perk. When the IPO goes live, we can all buy all the shares we can get ahold of. I think the pre-buy allotment for reservation holders is very equitable and a reasonable amount. As others have pointed out, it keeps the purchase amount close to $10,000 for anyone who takes all 175.

I put I wanted 180 shares just to see and it didn't make me lower it to 175?

 

[eggpaul]

east coast here, hopefully we'll get it soon

Just got it

 

[buddha2lotus]

Just got it

Awesome, I'm still waiting

 

[harkco]

I got an email from SoFi about the Rivian IPO - is that what we are waiting on? Or something from Morgan Stanley specifically?

 

[xyskis]

For those complaining about the 175 share limit, this isn’t unusual. Remember, this is a pre-buy for the IPO that is extended to reservation holders as a perk. When the IPO goes live, we can all buy all the shares we can get ahold of. I think the pre-buy allotment for reservation holders is very equitable and a reasonable amount. As others have pointed out, it keeps the purchase amount close to $10,000 for anyone who takes all 175.

Participated in other class-based IPOs and agree that the magnitude of reserved stock available for purchase does not seem unusual to me.

 

[kommonplace]

I got an email from SoFi about the Rivian IPO - is that what we are waiting on? Or something from Morgan Stanley specifically?

Morgan Stanley. Subject line is "Rivian Automotive Inc. Directed Share Program Invitation"

SoFi is separate/different.

 

[Sdvictor]

Check your spam mailbox too. I got it and just signed up.

 

[Dbeglor]

For those complaining about the 175 share limit, this isn’t unusual. Remember, this is a pre-buy for the IPO that is extended to reservation holders as a perk. When the IPO goes live, we can all buy all the shares we can get ahold of. I think the pre-buy allotment for reservation holders is very equitable and a reasonable amount. As others have pointed out, it keeps the purchase amount close to $10,000 for anyone who takes all 175.

This isn't controversial, it's simple math/logistics. There are XX number of people in the pool and a fixed limit of shares available. Therefore there is no choice but to limit everyone to the average amount available. Otherwise, they would have to wheel and deal with 45,000+ people to accommodate people who want larger allocations. Even if that was possible, who is chosen as the lucky ones to get more of an allocation? It would be ripe for broken hearts and pissed off people. This means that there will certainly be a significant amount of the total 7% allocation unclaimed, but they are fine with that, it will just go to other clients.

 

[Dbeglor]

Generous would be they also give us the same 15% rebate/discount they are giving the underwriters for their shares. But they aren’t.

Any share they sell to “us” nets them more money than them selling via Goldman/DB/JP. You get that, right?

Jesus, give a mouse a cookie.....

 

[Dbeglor]

Haha. If you were then you wouldn’t proclaim 175 shares at IPO list to be “generous”

Please outline how they would logistically offer 45,000+ people more than the average allocation of 175 shares, and then piece together the puzzle to stay under the 7% total allotment without pissing people off, all within just a few days. I'm anxiously awaiting.

There's no other way this could be handled realistically.

 

[RivianXpress]

With 2 preorders can I double up my shares to 350?? ??

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