Finder makes money from featured partners, but editorial opinions are our own. Advertiser disclosure

Can I buy Forbes stock?

Forbes will no longer be going public. But you can still buy stock in similar companies.

Global media giant, Forbes, has cancelled plans to go public. Learn more about the withdrawn IPO, and find out about similar companies you can invest in.

Our pick for investing by theme

Go to site
  • Trade $0 commission stocks & ETFs with as little as $1
  • Earn up to $300 with qualifying deposits
  • Discover new opportunities with Opto's AI-driven thematic investing system
  • Theme and ETF screener

Alternative pick for crypto trading

Go to site
  • $0 commission trading
  • Instant withdrawals with a 1.75% fee
  • Supports 250+ cryptocurrencies
  • High-yield account earns up to 4.40% APY
Disclaimer
Terms apply. Cryptoassets are highly volatile. Your capital is at risk. Available in the US, CA, UK and AU

Disclaimer: This page is not financial advice or an endorsement of digital assets, providers or services. Digital assets are volatile and risky, and past performance is no guarantee of future results. Potential regulations or policies can affect their availability and services provided. Talk with a financial professional before making a decision. Finder or the author may own cryptocurrency discussed on this page.

Our pick for stock bonuses

Go to site
  • Trade stocks, options, ETFs, mutual funds, alternative asset funds
  • $0 commission on stocks, ETFs and options with no options contract fees
  • Get up to $1,000 in stock when you fund a new account within 30 days
  • Complimentary access to a financial planner
Disclaimer
Probability of member receiving $1,000 is 0.028%

What we know about the Forbes IPO

In May 2022, The New York Times released a report saying Forbes would no longer be going through with plans to go public, according to people familiar with the matter.

Originally, Forbes was believed to be planning to go public by merging with Magnum Opus Acquisition, a special purpose acquisitions company (SPAC) based in Hong Kong (you can read about the merger in this SEC filing). The newly-formed company was going to trade on the NYSE under the symbol “FRBS.”

The move was expected to take place at the end of 2021 or early 2022 and would have valued Forbes at $630 million. The deal was supposed include a $200 million investment from crypto exchange Binance.

Currently, Forbes is owned by Hong Kong-based Whale Media Investment Inc., which has a 95% stake in the company, and the Forbes family. There has been no word on whether Forbes will have an IPO in the future.

Buy stocks in similar companies

Even though you won’t be able to buy Forbes stock, you can still invest in other media companies.

CompanyStock info
Fox CorporationNasdaq Global Select Market: FOX
Comcast CorporationNasdaq Global Select Market: CMCSA
News CorporationNasdaq Global Select Market: NWS
The New York Times CompanyNYSE: NYT
BCE Inc.NYSE: BCE

How to buy stocks in a company

You’ll need a brokerage account to buy and sell stocks. Here’s how it works:

  1. Compare stock trading platforms. Find a platform with the features you want and fees you can afford.
  2. Open your brokerage account. Complete an application by providing your personal, contact and financial details as well as your Social Insurance Number (SIN).
  3. Confirm your payment details. Fund your account.
  4. Research the stock. Find the stock by name or ticker symbol (for example, “NYT”), 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 more favorable price.

More on investing

More resources on Finder

Ask a question

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and finder.com Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

More guides on Finder

Go to site