How to buy Billtrust stock when it goes public

Business-to-business payment processor Billtrust plans to go public by merging with special purpose acquisition company (SPAC), South Mountain Merger Corporation. But no word yet on its anticipated release date or projected share price.

What we know about the Billtrust IPO

Billtrust plans to merge with blank-check firm, South Mountain Merger Corporation. The deal is valued at $1.3 billion and is being overseen by Citigroup Inc and JP Morgan.

Once it goes live, the company will list on the Nasdaq under the name BTRS Holdings Inc with a new ticker symbol. Reports suggest the deal is expected to close in early 2021.

No official launch date or suggested share price has been set.

How to buy shares in Billtrust when it goes public

Once Billtrust 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 Billtrust. Find the stock by name or ticker symbol. 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 Billtrust 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 Billtrust, depending on your broker.
6. Check in on your investment. Congratulations, you own a part of Billtrust. 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.

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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 Billtrust 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.

• Bill-com (BILL.US)

  Company summary

  Bill.com Holdings, Inc. provides cloud-based software that digitizes and automates back-office financial operations for small and midsize businesses worldwide. It offers artificial-intelligence (AI)-enabled financial software platform. The company provides software-as-a-service, cloud-based payments products, which allow users to automate accounts payable and accounts receivable transactions, as well as enable users to connect with their suppliers and/or customers to do business, manage cash flows, and enhance office efficiency. It also offers onboarding implementation support, as well as ongoing support and training services. The company sells its products through the sales team, accounting firms, financial institution partners, and accounting software providers. Bill.com Holdings, Inc. was founded in 2006 and is headquartered in Palo Alto, California.

  Historical performance

  Stock information

  • Market capitalization: $9305759744
  • P/E ratio: -99999.99
  • Dividend yield: N/A%

• The Western Union Company (WU.US)

  Company summary

  The Western Union Company provides money movement and payment services worldwide. The company operates in two segments, Consumer-to-Consumer and Business Solutions. The Consumer-to-Consumer segment facilitates money transfers between two consumers, primarily through a network of third-party agents. This segment offers international cross-border transfers and intra-country transfers, as well as money transfer transactions through Websites and mobile devices. The Business Solutions segment provides payment and foreign exchange solutions, primarily cross-border and cross-currency transactions for small and medium size enterprises, other organizations, and individuals; and foreign currency forward and option contracts. The company also offers cash-based and electronic-based bill payment services that facilitates payments from consumers to businesses and other organizations, as well as offers money order and other services. It serves primarily through a network of agents. The Western Union Company was incorporated in 2006 and is headquartered in Denver, Colorado.

  Historical performance

  Stock information

  • Market capitalization: $8902346752
  • P/E ratio: 15.1164
  • PEG ratio: 1.0263
  • Dividend yield: 0.0415%

• MoneyGram International (MGI.US)

  Company summary

  MoneyGram International, Inc., together with its subsidiaries, provides cross-border peer-to-peer payments and money transfer services in the United States and internationally. The company operates through two segments, Global Funds Transfer and Financial Paper Products. The Global Funds Transfer segment offers money transfer services and bill payment services primarily to unbanked and underbanked consumers through third-party agents, including retail chains, independent retailers, post offices, and other financial institutions; and digital solutions, such as moneygram.com, mobile solutions, account deposit, and kiosk-based services. The Financial Paper Products segment provides money orders to consumers through its agents and financial institutions under the MoneyGram brand and on a private label or co-branded basis with retail and financial institution; and official check outsourcing services for financial institutions. MoneyGram International, Inc. has strategic partnership with Suez Canal Bank. MoneyGram International, Inc. was founded in 1940 and is based in Dallas, Texas.

  Historical performance

  Stock information

  • Market capitalization: $327506272
  • PEG ratio: 0.98
  • Dividend yield: 0%

  Get more detailed information and learn how to buy MGI.US stock

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