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How to buy Addentax Group Corp (ATXG) stock when it goes public

Here's everything we know so far about the Addentax Group Corp IPO.

Dawn Daniels
Dawn Daniels

Updated

Fact checked

Chinese garment manufacturer Addentax Group is looking to go public in the United States. The company's stock is currently traded on the OTC Markets.

What we know about the Addentax Group Corp IPO

Addentax Group, a Chinese company that manufactures clothing, is expected to come to market in the US with a $25 million IPO, offering 5 million shares at $5 apiece.

Addentax is currently traded on the OTC Markets under the symbol "ATXG," and it intends to trade on the Nasdaq under the same ticker symbol.

How to buy shares in Addentax Group Corp when it goes public

Once Addentax Group Corp goes public, you'll need a brokerage account to invest. Consider opening a brokerage account today so you're ready as soon as the stock hits the market.

  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 Addentax Group Corp. Find the stock by name or ticker symbol: ATXG. 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 Addentax Group Corp 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 Addentax Group Corp, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of Addentax Group Corp. 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 Addentax Group Corp 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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