Vantage Towers is now available for trading in the US as an over-the-counter ADR, VTAGY.
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. Or they can buy the OTC ADR, VTAGY.
How to buy shares in Vantage Towers
Before you can invest in Vantage Towers, you'll need to open a brokerage account.
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Open your brokerage account.Complete an application with your details.
Confirm your payment details.Fund your account.
Research the stock.Find the stock by name or ticker symbol – – and research it before deciding if it's a good investment for you.
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.
Our pick: Interactive Brokers
Interactive Brokers offers an impressive range of tools and low fees for active or professional investors.
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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 value added services, such as Internet of Things (IoT) comprising logistics and fleet management, smart metering, insurance, cloud, and security services; and automotive and health solutions. 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. Vodafone Group Plc has strategic partnerships with Open Fiber. As of March 31, 2021, it had approximately 315 million mobile customers, 28 million fixed broadband customers, and 22 million TV customers. The company was incorporated in 1984 and is based in Newbury, the United Kingdom.
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