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How to buy 23andMe shares (ME)
Own 23andME shares in just a few minutes.
23andMe, a genetic testing company, went public through a merger with a special purpose acquisition company (SPAC), on 17 June 2021. SPACs are companies with no commercial operations that exist purely to raise capital through IPOs.
The SPAC, VG Acquisition Corporation, originally went public in November 2020 and currently trades on the NYSE under the ticker symbol “VGAC.” After the merger, the company will trade on the NYSE under the ticker “ME.”
How to buy shares in 23andMe
- 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. Most importantly, you need to find a share trading platform that allows you to trade US shares.
- Open and fund your share trading 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 23andMe. Find the stock by name or ticker symbol: ME. Research its history to confirm it’s a solid investment against your financial goals.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until 23andMe 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 minimise risk through the market’s ups and downs. You may be able to buy a fractional share of 23andMe, depending on your share trading account.
- Check in on your investment. Congratulations, you own a part of 23andMe. Optimise 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.
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