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How to buy Newegg (NEGG) stock

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

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Shannon Terrell
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The tech-focused e-commerce marketplace has gone public through a reverse merger with Lianluo Smart Limited. Here’s how investors can buy in.

What we know about the Newegg IPO

California-based Newegg has merged with publicly-traded Lianluo Smart Limited — a medical wearable and smart device provider headquartered in Beijing, China.

The combined companies are now called Newegg Commerce and the deal was managed by Maxim Group.

The stock is currently available for trade under the ticker symbol NEGG on the Nasdaq. To invest, you'll need a brokerage account.

How to buy shares in Newegg

Before you can invest in Newegg, you'll need to open a brokerage account.

  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 – NEGG – 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.

Newegg’s balance sheet

Newegg was founded in 2001 and is headquartered in City of Industry, California. Its parent company is Chinese e-commerce organization, Hangzhou New Century Information Technology.

During the first six months of 2020, Newegg reported net sales of $863 million, gross profit of $125 million and net income of $19 million. Newegg’s market cap is expected to hover near the $880 million mark.

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 Newegg 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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