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How to buy Proterra stock when it goes public

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

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Dawn Daniels
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Proterra, a Burlingame, California company that develops electric vehicle charging systems, is expected to go public via a special purpose acquisition company. We will update this page as new information becomes available.

What we know about the Proterra IPO

Proterra 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. Closing is expected during the first half of 2021.

The SPAC, ArcLight Clean Transition Corporation, originally went public in November 2020. The merger will bring $825 million in cash and will value the company at $1.6 billion.

ArcLight is currently trading on the Nasdaq under the ticker symbol "ACTC," and has seen its stock jump on news of the proposed merger. Shares closed January 19 up 10.3% at $29.11.

How to buy shares in Proterra when it goes public

Once Proterra 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 Proterra 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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