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How to buy Sight Sciences (SGHT) stock in Canada when it goes public

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

Updated Jul 14, 2021. What changed?

Fact checked

Sight Sciences stock is not yet available to purchase on any exchange. But it's expected to go public soon. Here's what we know — and how to buy in when it launches.

Finder's top picks on where to buy Sight Sciences stock when it goes public

Finder's Pick for

Beginners

CIBC Investor's Edge

Finder's Pick for

Global Trading

Interactive Brokers

Finder's Pick for

Commodity Stocks

Scotia iTRADE

Finder's Pick for

Free Trades

Wealthsimple Trade

We evaluate stock trading platforms against a range of metrics that include fees, ease of use, available securities and advanced tools to meet specific investor needs. You can learn more about our methodology here. We encourage you to compare stock platforms to find one that's best for your particular budget and goals.

Our pick for beginners. We chose CIBC Investor's Edge for this category because it offers low and competitive fees, as well as an easy-to-use, user-friendly interface and provides a number of learning resources to help you get acquainted with the platform. In addition, students can take advantage of special pricing for making trades if they have a CIBC Student Bank account.
Our pick for global trading. We chose Interactive Brokers for this category because it offers extensive trading capabilities and access to advanced trading tools to help traders in their investing journey, as well as access to a large number of international stock exchanges.
Our pick for commodity stocks. We chose Scotia iTRADE for this category because it offers an easy-to-use, user-friendly UX and provides access to a variety of learning resources to help you get acquainted with trading and how the platform works.
Our pick for free trades. We chose Wealthsimple Trade for this category because it offers commission-free trading. With no account fee, the mobile app is clean and intuitive to use.

What we know about the Sight Sciences IPO

Sight Sciences filed a draft registration with the US Securities and Exchange Commission under the ticker symbol SGHT. Not yet an official IPO, it's one of the first steps of taking a private company public.

The stock is expected to cost between $20 and $23. No date has been set for when the stock will be publicly available. The shares will be available on the Nasdaq Global Market.

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

How to buy shares in Sight Sciences when it goes public

Once Sight Sciences 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.

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 Sight Sciences. Find the stock by name or ticker symbol: SGHT. 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 Sight Sciences 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 Sight Sciences, depending on your broker.
Check in on your investment. Congratulations, you own a part of Sight Sciences. 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.

Will I be able to buy Sight Sciences stocks from Canada?

You won't be able to buy Sight Sciences stocks on a Canadian stock exchange like the TSX or CSE. Instead, you'll need a Canadian broker that provides access to stocks sold on international exchanges. However, some Canadian brokerages don't offer access to international investments at all or only provide access to a limited range of investment opportunities.

You can access US exchanges like the NYSE and the NASDAQ using Canadian trading platforms like Questrade, Wealthsimple Trade, Scotia iTRADE and Interactive Brokers. Interactive Brokers also 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).

The process of buying stocks listed on international exchanges is basically the same as buying stocks in a Canadian company. You buy and sell using your online trading account or through an investment broker who handles international stocks.

How to buy international stocks in Canada

Tax implications of buying US stocks in Canada

Agreements between Canada and the US require Canadians holding US stock investments to pay the US Internal Revenue Service (IRS) a 15% withholding tax on any dividends earned on their US stocks. Interest earned from bonds or other interest-yielding US investments is similarly taxed at a rate of 10%.

An exception is made for stock investments held in trust exclusively designed to provide retirement income. Such trusts include RRIFs, LIRAs, LIFs, LRIFs and Prescribed RRIFs. RRSPs are also exempt from US withholding tax if you own US investments in the form of US stocks, bonds or ETFs.

Investment accounts that do not qualify for this exemption include RESPs, TFSAs and RDSPs.

All income from investments, including foreign investments, must be declared as part of your income on your Canadian tax return. Unless your US earnings are exempt from withholding tax, this means you'll be double taxed on those earnings — first by the IRS, then by the CRA. However, 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 to your circumstances.

Compare stock trading platforms

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

1 - 6 of 6

Name	Product	Finder Rating	Stock Trading Fee	Account Fee	Available Asset Types	Offer
OFFER CIBC Investor's Edge CIBC Investor's Edge	OFFER	Finder Rating: ★★★★★ 4 / 5	$4.95–$6.95	$0 if conditions met, otherwise $100 a year	Stocks, Bonds, Options, Mutual Funds, ETFs	Young investors 18 to 24 can get free online trades and a $0 annual account fee. Conditions apply.	Go to site View details	Compare	loading Fetching your data...
Interactive Brokers Interactive Brokers		Finder Rating: ★★★★★ 4.1 / 5	Min. $1.00, Max. 0.5%	$0	Stocks, Bonds, Options, ETFs, Currencies, Futures		Go to site View details	Compare	loading Fetching your data...
Scotia iTRADE Scotia iTRADE		Finder Rating: ★★★★★ 3.8 / 5	$4.99–$9.99	$0	Bonds, Options, Mutual Funds, ETFs, GICs, International Equities		Go to site View details	Compare	loading Fetching your data...
FREE TRADES Wealthsimple Trade Wealthsimple Trade	FREE TRADES	Finder Rating: ★★★★★ 3.9 / 5	$0	$0	Stocks, ETFs	Get $25 when you open a Wealthsimple Trade account and fund at least $150.	Go to site View details	Compare	loading Fetching your data...
Questrade Questrade		Finder Rating: ★★★★★ 4.2 / 5	$4.95 - $9.95	$0	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.	Go to site View details	Compare	loading Fetching your data...
OFFER Qtrade Direct Investing Qtrade Direct Investing	OFFER	Finder Rating: ★★★★★ 4.1 / 5	$6.95 - $8.75	$0 if conditions met, otherwise $25/quarter	Stocks, Bonds, Options, Mutual Funds, ETFs, GICs	Get almost $500 in commission free trades when you fund your new account with a minimum of $10,000. Conditions apply. Ends August 31, 2022.	Go to site View details	Compare	loading Fetching your data...

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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.