Databricks, best known for its unified data analytics platform, is planning an IPO in the first half of this year. Here’s what we know about the IPO so far and how to buy in from New Zealand when the company goes public.
What we know about the Databricks IPO
Databricks is expected to go public. Databricks has not yet filed a viewable Form S-1 with the US Securities and Exchange Commission. We’ll update this page with information as it becomes available.
There’s no news yet about how much the stock will cost when it goes public. No date has been set for when the stock will be publicly available.
Will I be able to buy Databricks shares from New Zealand?
Buying US shares through one of these platforms is as easy as buying shares on the NZX, though there is often a currency conversion fee to consider as shares must be purchased in US dollars.
How to buy shares in Databricks when it goes public
Once Databricks 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 (or no) commission fees, good reviews and investment tools to track your portfolio. Narrow down top brands with our comparison table.
- Open and fund your trading account. Complete an application with your personal and financial details, like your ID (a New Zealand passport worked) and bank information. Fund your account with a bank transfer, credit card or debit card.
- Search for Databricks. Find the stock by name or ticker symbol. 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 Databricks reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts. Some share offer an auto-invest feature which allows you to do this automatically.
- 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 Databricks, depending on your trading platform.
- Check in on your investment. Optimize your portfolio by tracking how your stock — and the business as a whole — performs in the long term. You may be eligible for dividends and shareholder voting rights on directors and management decisions that can affect your stock.
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 Databricks 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:
Compare trading platforms that provide access US stocks
To buy stocks, you’ll need to open a share trading account. Compare your options using the table below to find the best fit for you.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
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