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How to buy GigaCloud Technology Inc. (GCT) stock in Canada

Here's everything we know so far about the GigaCloud Technology Inc. IPO.

GigaCloud Technology Inc. has gone public. Here's what we know about the IPO and how to buy GigaCloud Technology Inc. stock in Canada.

Finder's top picks on where to buy GigaCloud Technology Inc. stock

What we know about the GigaCloud Technology Inc. IPO

On Thursday August 18, 2022, GigaCloud Technology, a China-based company that provides Business-to-Business solutions for trading heavy and large merchandise, began publicly trading on the Nasdaq Global Market under the ticker symbol "GCT." The opening stock price was $19.20, which was higher than the proposed price of $12.25.

To learn more about the company's IPO, view its registration filing with the US Security and Exchange Commission (SEC). We'll update this page as more information becomes available.

Note: all dollar amounts on this page are in US dollars unless otherwise stated.

How to buy GigaCloud Technology Inc. stock

Before you can invest in GigaCloud Technology Inc., you'll need to open a brokerage account.

  1. Compare stock trading platforms. Use our comparison table to help you find a platform that fits your needs.
  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 – GCT – and research it before deciding if it's a good investment for you.
  5. Purchase now or later. Buy your desired number of stocks with a market order or use a limit order to delay your purchase until the stock reaches a desired price.

Will I be able to buy GigaCloud Technology Inc. stock in Canada?

You won't be able to buy GigaCloud Technology Inc. stocks on a Canadian stock exchange like the TSX. Instead, you need a Canadian broker that provides access to international stock exchanges.

You can access US exchanges like the NYSE and the NASDAQ using Canadian trading platforms like Qtrade, Wealthsimple, Scotia iTRADE and CIBC Investor's Edge.

Interactive Brokers provides access to many stock exchanges outside North America like the Hong Kong Stock Exchange (SEHK), Korea Stock Exchange (KSE), National Stock Exchange of India (NSE), Frankfurt Stock Exchange (FWB) and London Stock Exchange (LSE).

How to buy international stocks in Canada

Compare stock trading platforms

Note: The dollar amounts in the table below are in Canadian dollars.

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Name Product Finder Rating Stock Trading Fee Account Fee Available Asset Types Offer
Interactive Brokers
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National Bank Direct Brokerage
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4.1 / 5
$0
$0 if conditions met, or $100
Stocks, Bonds, Options, Mutual Funds, GICs
$0 commission on all transactions for Finder investors.
Questrade
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$4.95 - $9.95
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Stocks, Bonds, Options, Mutual Funds, ETFs, GICs, International Equities, Precious Metals
Get $50 in free trades when you fund your account with a minimum of $1,000.
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Get $25 when you open a Wealthsimple account and fund at least $150.
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Qtrade Direct Investing
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Tax implications of buying US stocks in Canada

Canadians who earn dividends from US stock investments must pay the US Internal Revenue Service (IRS) a 15% withholding tax on their earnings. The rate goes down to 10% for bonds and other interest-yielding US investments.

An exception is made for stock investments held in trusts designed to provide retirement income. This includes RRIFs, LIRAs, LIFs, LRIFs and Prescribed RRIFs. RRSPs that hold US stocks, bonds or ETFs are also exempt from US withholding tax. RESPs, TFSAs and RDSPs are not exempt.

Canadian and international investment income must be declared on your Canadian tax return. Unless your US earnings are exempt from withholding tax, this means you'll be taxed by both the IRS and the CRA. The CRA may allow you to claim foreign tax credits for any taxes you've already paid to the IRS.

Speak with a tax professional to find out what rules and exceptions apply in your circumstances.

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Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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