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How to buy Faraday Future stock when it goes public

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

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Dawn Daniels
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Faraday Future, a Los Angeles-based electric vehicle manufacturer, is in talks to go public via a special purpose acquisition company (SPAC). We will update this page as new information emerges.

What we know about the Faraday Future IPO

Electric vehicle manufacturer Faraday Future is planning to go public through a merger with a special purpose acquisition company (SPAC), also known as a blank check company. SPACs are companies with no commercial operations that exist purely to raise capital through IPOs. No date has been announced yet.

The SPAC, Property Solutions Acquisition Corporation, originally went public in July 2020, and the SPAC is traded on the Nasdaq under the ticker symbol "PSAC."

Property Solutions Acquisition will raise more than $400 million for the transaction, which will value Faraday at $3 billion.

We will update this page as new information becomes available.

How to buy shares in Faraday Future when it goes public

Once Faraday Future 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 Faraday Future 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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