Vantage Towers stock is now publicly available to purchase. Here's how you can buy in.
What we know about the Vantage Towers IPO
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.
How to buy shares in Vantage Towers
Before you can invest in Vantage Towers, you'll need to open a brokerage account.
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.
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.
Search for Vantage Towers. Find the stock by name or ticker symbol. Research its history to confirm it's a solid investment against your financial goals.
Purchase now or later. Buy immediately with a market order or use a limit order to delay your purchase until Vantage Towers reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
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 Vantage Towers, depending on your broker.
Check in on your investment. Congratulations, you own a part of Vantage Towers. 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.
Our pick: Interactive Brokers
Interactive Brokers offers an impressive range of tools and low fees for active or professional investors.
Create watchlists, set alerts and follow news on the Trader Workstation platform
Choose from IBKR Pro or IBKR Lite depending on your investing style
All users older than 21 must meet a $20,000 liquid net worth requirement for a cash account
It's impossible to predict how any stock will perform — and IPOs can be particularly volatile. But evaluating the performance of companies like Vantage Towers can be useful in determining how the market is performing and whether now is a good time to invest in this industry.
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Vodafone Group Plc engages in telecommunication services in Europe and internationally. The company offers mobile services that enable customers to call, text, and access data; fixed line services, including broadband, television (TV) offerings, and voice; and convergence services under the GigaKombi and Vodafone One names to customers. It also provides mobile, fixed, and a suite of converged communication services, such as Internet of Things (IoT) comprising managed IoT connectivity, automotive, and insurance services, as well as smart metering and health solutions; cloud and security portfolio comprising public and private cloud services, as well as cloud-based applications and products for securing networks and devices; and international voice, IP transit, and messaging services to support business customers that include small home offices and large multi-national companies. In addition, the company offers M-Pesa, an African payment platform, which provides money transfer, financial, and business and merchant payment services; and various services to operators through its partner market agreements, as well as rents capacity to mobile virtual network operators to provide mobile services. Vodafone Group Plc has strategic partnerships with Open Fiber; and Mobile TeleSystems PJSC. As of March 31, 2019, it had approximately 650 million mobile customers, 19 million fixed broadband customers, and 14 million TV customers. The company was founded in 1984 and is headquartered in Newbury, the United Kingdom.
Dawn Daniels is a publisher with Finder, based out of Oregon. Her background includes editing more than 40 published books, including Financial Fitness: 21 Easy Exercises to Get Your Personal Finances in Shape Fast by Dr. Vi Scott. In her spare time, Dawn enjoys hiking ridiculous distances and collapsing in exhaustion.
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