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How to buy Volta stock when it goes public

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

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Dawn Daniels
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Volta, the San Francisco-based electric vehicle charging station company, is in talks to go public via a special purpose acquisition company (SPAC). We will update this page as new information becomes available.

What we know about the Volta IPO

EV charging station producer Volta 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. Tthe deal is expected to close in the second quarter of 2021. The deal values Volta at over $2 billion, and the offering is expected to raise $600 million for the company.

The SPAC, Tortoise Acquisition II Corporation, originally went public in September 2020 and is currently trading on the NYSE under the ticker symbol "SNPR." After the merger, the company will trade on the NYSE under the ticker "VLTA."

How to buy shares in Volta when it goes public

Once Volta 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 Volta 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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