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Only Best Customers could get an Allocation of the $RIVN IPO and you had to buy a lot and be high net. Also there's a lock up and if you dump and take your profit right away you won't be able to get any future IPO's. Usually they have options out on IPO's to trade after a week.
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My friend put in an allocation for $RIVN with Etrade he didn't get it. Only goes to their customer's because Morgan Stanley own's ETRADE. When demand is High and there's Buzz you know stock is going higher.