Rivian IPO potentially next week. Morgan Stanley is the DSP (IPO) Partner

[wizard467]

They're now up to producing ~20 trucks per day. So, I should have my truck in approximately 2,000 days. Tight.

Next line in the paragraph in the 3rd amendment to the S1 is much better. Obviously the question is with supply chain issues and ramp up time how fast they can get to that number. Interesting that they might only be running 1 shift now since they specifically mention needing additional employees to run additional shifts.

We produced 104 R1T vehicles during the last week of October 2021, representing approximately 8% of our target R1 production rate. Our target is to produce approximately 1,310 R1 vehicles a week, which when annualized (assuming 49.6 working weeks per year), equates to the current installed R1 platform capacity of approximately 65,000 R1 vehicles annually. We expect our vehicle production rate will improve as we continue to increase the speed of the line, hire and train employees to run additional shifts, commence production of the R1S and EDVs, and increase the rate of purchased materials from our supply chain. We expect to reach a vehicle production rate, which, when annualized, would result in us using 100% of the facility’s current installed capacity of up to 150,000 vehicles by late 2023.​

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[1shadowsabre]

Rivian boosted its IPO to $74.00 per share from $57.00 to $62.00 per share today.
This may really change things for my investment money. Not that much has changed since Monday.

 

[St Bernard]

Rivian boosted its IPO to $74.00 per share from $57.00 to $62.00 per share today.
This may really change things for my investment money. Not that much has changed since Monday.

What changed is the demand for shares.

 

[rockdogz]

Anyone else try to get shares via Etrade and get this email from them this morning?
"We were unable to allocate shares. Possible reasons: Offering priced above limit or high demand for shares."

Result: 0 shares

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