What other tech stock to consider?

[mongo]

MP had good 3rd quarter results.

https://twitter.com/x/status/1456352549901152259

 

[JRP3]

I sold my VALE and PTRA to book the losses in my regular account, still have them in my Roth. Might buy back after 30 days. Also sold my APPH for the loss as well.

 

[Remster32]

Here is a handy link to bookmark which is useful for new IPOs like Rivian. This website has all of the current IPO roadshow videos and they are available for anybody to watch: RetailRoadshow

The videos go away once a company prices and flips public so watch while you can.

 

[MP3Mike]

Around $80 a share first day trading is my guess.

Does you guess change now that they have adjusted the IPO price range?

The price range for the offering has changed.

Previous Price Range: $57.00 - $62.00

Revised Price Range: $72.00 - $74.00

The estimated number of shares being sold has remained the same.

 

[Cosmacelf]

Does you guess change now that they have adjusted the IPO price range?

Damn! I guess I shouldn’t have asked for such a big allotment from my broker, I must have pushed them over the edge

ok, so now $90 to $100 first day close is my guess. This is obviously going to be a hot IPO. Either that or the underwriters had all along planned $75/share and are just mind ****ing us.

 

[MP3Mike]

Either that or the underwriters had all along planned $75/share and are just mind ****ing us.

You think it will IPO above the new range?

But yeah I suspect this was them starting low and then upping to the valuation they really wanted.

 

[Cosmacelf]

You think it will IPO above the new range?

But yeah I suspect this was them starting low and then upping to the valuation they really wanted.

No, I meant first day close once it starts trading will likely be $20 above whatever the IPO price is.

 

[FlatSix911]

Does you guess change now that they have adjusted the IPO price range?

Around $80 a share first day trading is my guess.
The price range for the offering has changed.

Previous Price Range: $57.00 - $62.00
Revised Price Range: $72.00 - $74.00

The estimated number of shares being sold has remained the same.

My current prospectus from Morgan Stanley has the original range.

 

[wdolson]

In other investment news the infrastructure bill that already passed the Senate passed the House on Friday. All the stocks related to the companies that will be getting work from this will likely go up Monday. Or at least most will.

 

[FlatSix911]

You think it will IPO above the new range?

But yeah I suspect this was them starting low and then upping to the valuation they really wanted.

You were correct... I received an updated prospectus with the revised price range: $72.00 - $74.00.

 

[MP3Mike]

You were correct... I received an updated prospectus with the revised price range: $72.00 - $74.00.

And it is supposed to be priced tomorrow. Does anyone know when that normally happens? Pre-market? Post-market? Whenever they want?

 

[Jack6591]

Anyone following the Grail/Illumina merger?

 

[FlatSix911]

And it is supposed to be priced tomorrow. Does anyone know when that normally happens? Pre-market? Post-market? Whenever they want?

Yes, I will report the strike price tomorrow morning.

 

[Bouboule]

I don't know if others have invested or have an opinion on Virgin Galactic. I invested mostly because I think this is the future of long haul business jets. Faster and less fuel consumption. You can have launchers(mothership) in different airports and use the spaceship as the business jet.
Musk could use this to go from Shanghai to Berlin in less than 3hrs and back to Texas before the end of the day.

 

[MP3Mike]

Yes, I will report the strike price tomorrow morning.

It looks like Rivian priced the IPO above the last range at $78.

Which was higher than my offer so no Rivian IPO for me.

 

[mongo]

Regarding SITM, they are doing a 2 million share sale at 225 for this Friday. One million by them as a raise, one million by MegaChips.

At least I can call peaks...

 

[chronoreverse]

RIVN at 119, sheesh. And crash to 98 so far.

 

[FlatSix911]

RIVN at 119, sheesh. And crash to 98 so far.

Closed at 100.73 on Day-1... not too bad from $78 open.

 

[wdolson]

It went up $5.86 in after hours trading. The adrenaline junkies can't really justify shorting Tesla anymore so maybe they found a new casino stock to run all over the place?

 

[willow_hiller]

Do we have an exact date for when the Rivian IPO lock-up period ends? Something like 90 days, which would put it around the first week of February 2022?