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How to buy Billtrust stock when it goes public

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

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Shannon Terrell
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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.

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.

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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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