Vantage Towers is now available for trading in the US as an over-the-counter ADR, VTAGY.
Vodafone completed an initial public offering for its Vantage Towers, which controls the company's European towers. The IPO raised about 2.3 billion euros (US$2.8 billion) for the telecom infrastructure company. Shares of Vantage Towers opened at 24 euros and rapidly climbed as much as 4.8%.
Once Vantage Towers goes public, US investors will need an international brokerage, like Interactive Brokers, to invest. Or they can buy the OTC ADR, VTAGY.
Once Vantage Towers 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.
Interactive Brokers offers an impressive range of tools and low fees for active or professional investors.
| Available asset types | Stocks, Bonds, Options, Mutual funds, ETFs, Cryptocurrency, Futures, Forex, Treasury Bills |
|---|---|
| Stock trade fee | $0 |
| Option trade fee | $0 + $0.65/contract |
| Annual fee | 0% |
It's impossible to predict how any stock will perform — and IPOs can be particularly volatile. Looking at the performance of similar companies can help you decide if now is a good time to buy Vantage Towers stock.
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