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How to buy Motorsport Games Inc (MSGM) stock

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

Dawn Daniels
Dawn Daniels

Updated . What changed?

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Motorsport Games wrapped its $60 million IPO. Based in Miami, Motorsport Games is a developer of a motorsport racing series.

What we know about the Motorsport Games Inc IPO

Motorsport Games completed its $60 million initial public offering, the company announced. Motorsport offered 3 million shares at $20 per share, the upper level of its revised $19 to $20 range. The company originally planned to raise $42.3 million in the deal with pricing set at between $16 and $18 per share.

Motorsport Games is now trading on the Nasdaq under the ticker symbol "MSGM." Shares opened at $35 and jumped by about 50% in the first day of trading.

Canaccord Genuity and The Benchmark Company were the lead bookrunners for the deal.

How to buy shares in Motorsport Games Inc

Before you can invest in Motorsport Games Inc, you'll need to open a brokerage account.

  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 Motorsport Games Inc. Find the stock by name or ticker symbol: MSGM. 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 Motorsport Games Inc 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 Motorsport Games Inc, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of Motorsport Games Inc. 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 Motorsport Games 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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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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