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How to buy AbCellera Biologics (ABCL) stock

Here's everything we know so far about the AbCellera Biologics IPO.

Dawn Daniels
Dawn Daniels

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AbCellera Biologics Inc. completed its initial public offering and its shares are now available on the Nasdaq under "ABCL." Vancouver-based AbCellera is an AI-powered drug discovery company working with Eli Lilly & Co. on a COVID-19 vaccine.

What we know about the AbCellera Biologics IPO

AbCellera Biologics completed its initial public offering. The company raised $483 million in the deal, offering 24.15 million shares at $20 per share. AbCellera originally set its price range at between $14 and $17 per share.

Credit Suisse, Stifel, Berenberg, SVG Leerink and BMO Capital Markets were the underwriters.

AbCellera Biologics is now listed on the Nasdaq under "ABCL."

AbCellera's stock opened Friday at $61.

How to buy shares in AbCellera Biologics

Before you can invest in AbCellera Biologics, you'll need to open a brokerage account.

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for AbCellera Biologics. Find the stock by name or ticker symbol: ABCL. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy immediately with a market order or use a limit order to delay your purchase until AbCellera Biologics reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of AbCellera Biologics, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of AbCellera Biologics. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

How do similar companies perform?

It's impossible to predict how any stock will perform — and IPOs can be particularly volatile. But evaluating the performance of companies like AbCellera Biologics can be useful in determining how the market is performing and whether now is a good time to invest in this industry. Select a company to learn more about what they do and how their stock performs, including market capitalization, the price-to-earnings (P/E) ratio, price/earnings-to-growth (PEG) ratio and dividend yield. While this list includes a selection of the most well-known and popular stocks, it doesn't include every stock available.

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

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