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

[e4gaa1104]

Oh well, in the absence of an email or any notion of when I’ll get my R1S I can take solace in the fact that I’m soon to be the proud owner of a nice new ‘Normal’ blue b/ball cap

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[johnking]

No email yet. Wondering if I have to go forward as the price seems to be going higher and higher. This will be my first IPO experience !

 

[rgrunert]

Has anyone gotten their Morgan Stanley email??? I keep refreshing!

I just called Morgan Stanley. Emails have not yet been sent out.

 

[Dark-Fx]

I just called Morgan Stanley. Emails have not yet been sent out.

Did they suggest they would be doing it s00n?

 

[Dubs]

Has anyone yet received their confirmation email from Morgan Stanley?

I have NOT.

I just spoke with Morgan Stanley and they said the price has not yet been set and that was five minutes ago.

 

[rgrunert]

Did they suggest they would be doing it s00n?

No..I tried but no help except" before midnight".

 

[Dubs]

Did they suggest they would be doing it s00n?

They told me that they will be the last to know, we had a laugh over it.

 

[EducatedK9]

I bought Tesla well before the S at an average of 27 dollars a share. Sold at about 300 when I thought, “it can’t go higher than this”. Oops.

I agree with what someone else said, buy at the dip. But on the other hand, the one thing Tesla never had was Amazon holding a 20% stake.

 

[Lisa & Bob]

There are pages of predictions and opinions flying by, hard to keep up. This stock will drop to less than half because the dismal ability to produce quantities of this beautiful, mid-size truck(tight back seats and small bed) will still take more of a beating. ThenTesla scoops it up, and it becomes their standard looking truck offer

I too have seen my exuberant enthusiasm tamed by watching production numbers and where they’re going. If Amazon is going to get most of the 2022 assembly line capacity it’s pretty clear the S1 filing that pre-orders will be filled by the end of 2023 isn’t very confidence building. I‘m not that sophisticated an investor by I don’t bet or invest on my emotional instincts

 

[Lisa & Bob]

I bought Tesla well before the S at an average of 27 dollars a share. Sold at about 300 when I thought, “it can’t go higher than this”. Oops.

I agree with what someone else said, buy at the dip. But on the other hand, the one thing Tesla never had was Amazon holding a 20% stake.

But Tesla didn’t have to satisfy Amazon over the private buyer

 

[Rise1Set]

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

I got the email this morning that an email would come out anytime after 5:00 PM Eastern, but haven’t seen the follow up email allowing me for my allocation. Has anyone gotten the follow up to purchase their allocation?

 

[EarlyAdptr]

I just spoke with Morgan Stanley and they said the price has not yet been set and that was five minutes ago.

That doesn't surprise me. They're trying to figure out how "good" the demand really is. Once they set the price, the MUST have the pre-form emails set to go - just need to plug in the price and send. So the fact they haven't sent it yet - means they're still debating it.

Want to get their moneys worth, but not leave too much on the table

 

[BeanEW]

I would be MUCH more worried about purchasing IPO stocks if the valuation goes down before the IPO date. Think long term! If it goes down, I'll buy more. 175 shares just not quite there yet.

 

[wizard467]

I too have seen my exuberant enthusiasm tamed by watching production numbers and where they’re going. If Amazon is going to get most of the 2022 assembly line capacity it’s pretty clear the S1 filing that pre-orders will be filled by the end of 2023 isn’t very confidence building. I‘m not that sophisticated an investor by I don’t bet or invest on my emotional instincts

The Amazon van capacity and the R1T/S line are completely separate (as per the S1). They won't materially affect each other.

Edit: RJ's interview from the IPO launch clearly states at approximately the 2:10 minute mark that Bloomberg's statement that Amazon was being prioritized is a misunderstanding of how Rivian as a company is setup.

Rivian CEO on IPO, Amazon Partnership, Supply Chain

 

[Babbuino]

Come on, Rivian has to know their demographics... gotta go to bed early.

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