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How to buy Latch Inc (LTCH) stock when it goes public

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

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Dawn Daniels
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Latch Inc., a New York-based building security software developer, is going public via a special purpose acquisition company (SPAC). Here's what we know so far about the deal.

What we know about the Latch Inc IPO

Latch, a company that develops smart locks as well as hardware and software to secure multifamily buildings, is expected 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. The deal is expected to close in the second quarter.

The SPAC, TS Innovations Acquisition Corporation, originally went public in November 2020 and the SPAC's stock currently trades on the Nasdaq under the ticker symbol "TSIAU." After the merger, Latch's stock will trade on the Nasdaq under the ticker "LTCH."

How to buy shares in Latch Inc when it goes public

Once Latch Inc 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 – LTCH – 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 Latch Inc 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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