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

[acacia1602]

Subscribing for pre-IPO shares is the very definition of timing.

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[Monkey]

You only have to confirm your shares tonight. Payment needs to be verified by 11/15/21 5:00pm EST.

Yep, the notice went out this morning about payment/ funding needs to happen by the 15th. We still don’t know when the actual IPO date/time is to occur. But I’m reading this as the 15th being their target. …Could just as easily be the 16th or a few days later. They may want to settle the pre-order volumes first so they can release any unclaimed pre-order shares with the IPO.

 

[Monkey]

Also keep in mind that this Thursday the 11th is Veterans Day. No banking on that day so you won’t be able to initiate or receive a transaction…. Plan a couple business days for the transfer to process. So if it’ needs to be there on the 15th (Monday), you should probably initiate your transfer either tomorrow or Friday.

 

[CommodoreAmiga]

Subscribing for pre-IPO shares is the very definition of timing.

No, no it’s not.

 

[kanundrum]

 

[SeaGeo]

Wtf is my email Morgan!

 

[kanundrum]

Wtf is my email Morgan!

Rivian to MS: Tell them S00N, they love that shit!

 

[Craigins]

smashing refresh waiting....

 

[CommodoreAmiga]

Rivian to MS: Tell them S00N, they love that shit!

 

[jessefive]

The DSP link is saying 6pm for pricing now. I thought it said 5 previously

 

[SeaGeo]

The DSP link is saying 6pm for pricing now. I thought it said 5 previously

The email said 5.

I love how they give you... 6 hours to decide, and they aren't even banking hours. ?

 

[tk21]

2 questions
Is there going to be a lock-up period for share allocated thur the direct purchase program?
How large is the float going to be (What % of the company are they going to issue publicly traded stock for)?

180 day lock up

 

[kanundrum]

The email said 5.

I love how they give you... 6 hours to decide, and they aren't even banking hours. ?

 

[Riviot]

180 day lock up

False.

" Any shares sold under the directed share program will not be subject to the terms of any lock-up agreement, except in the case of shares purchased by our officers or directors. See “Underwriting—Directed Share Program.” "

 

[Monkey]

6 hours to decide... Right after they alter their valuation and pricing, but haven't announced definitively what it is now. After they drop a bomb that T.Row Price is just magically dumping in a $1.3B investment. No prospective finalized in time for the pre-order, I'll be shocked if the IPO happens before the end of next week. But all of us pre-order people have to pay up on Friday or before to make sure our money is there on Monday so orders don't get canceled.

I'm almost thinking about ducking out of the pre-IPO altogether and will just pick it up on the open market after it goes live and likely for less $$ after a few days. No way I'm dumping in a $15K pre-order for 175 shares at this point with all the last minute shenanigans. Not that it's a huge difference, but I'll probably buy my ceremonial 100 shares in the pre-offer just because I still believe in this company and their products. But the past 5 days have been a complete circus.

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