AppHarvest 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 stocks when it launches.
Agriculture startup AppHarvest is planning to go public through a merger with a special purpose acquisition company (SPAC), also known as a blank check company. SPACs are companies with no commercial operations that exist purely to raise capital through IPOs. The deal is expected to raise nearly half a billion dollars for AppHarvest, which plans to build the world’s biggest greenhouse in Kentucky.
The SPAC, Novus Capital, originally went public on Nasdaq in June under the ticker “NOVS.” There’s no news yet as to what the ticker symbol will be after the merger.
Once AppHarvest 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.
It's impossible to predict how any stock will perform — and IPOs can be particularly volatile. But evaluating the performance of companies like AppHarvest 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, including market capitalization, the price-to-earnings (P/E) ratio, price/earnings-to-growth (PEG) ratio and dividend yield. While this list includes a selection of the most well-known and popular stocks, it doesn't include every stock available.
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