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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. Use our comparison table to help you find a platform that fits you.
  2. Open your brokerage account. Complete an application with your details.
  3. Confirm your payment details. Fund your account.
  4. Research the stock. Find the stock by name or ticker symbol – – and research it before deciding if it's a good investment for you.
  5. Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.

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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