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How to buy C3.ai stock when it goes public

Oracle exec Siebel plans to take his artificial intelligence company public.

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This California-based artificial intelligence software provider has made a name for itself helping businesses build AI applications. Now it plans to go public on the New York Stock Exchange. Here’s what we know and how investors can prepare to buy C3.ai stock.

Latest updates

Monday, November 30: C3 updates its filing to state a projected share price of $31 to $34.

Friday, November 13: C3 has filed with the SEC to go public under the ticker symbol AI.

What we know about the C3.ai IPO

C3.ai — the AI software-as-a-service (SaaS) company founded by Oracle executive, Tom Siebel — has filed for an initial public offering. The deal is being underwritten by Bank of America, JP Morgan and Morgan Stanley.

The SaaS provider plans to go live under the ticker symbol AI on the NYSE. The projected price per share is $31 to $34, but the release date has yet to be set.

We’ll continue to update this page as more information becomes available.

How to buy shares in C3.ai when it goes public

Once C3.ai 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 C3.ai. 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 C3.ai 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 C3.ai, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of C3.ai. 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.

What we know about C3.ai’s balance sheet

C3.ai helps connect over 50 million businesses and consumers daily by calculating an average of 1.1 billion predictions across 622 million data-generating sensors.

For the fiscal year ended April 30, 2019, C3.ai reported $92 million in revenue with a net loss of $33.4 million. And for the fiscal year ended April 30, 2020, it reported $157 million in revenue with a net loss of $69.3 million.

These financials demonstrate 71% year-over-year revenue growth from 2019 to 2020 — a respectable upswing. But its revenue isn’t the only thing on the rise: it more than doubled its losses over the same period.

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 C3.ai 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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