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How to buy Databricks stock in South Africa when it goes public

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

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 South Africa when the company goes public.

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

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 South Africa?

You won’t be able to buy Databricks shares on the Johannesburg Stock Exchange (JSE) , but you can from an online-based brokerage that offers international access to companies listed on stock exchanges outside of South Africa. Given that Databricks is based on California, you’ll need a brokerage that provides access to US exchanges.

The process of buying stocks in a US company while living in South Africa is the same as buying stocks in a South African company. You buy and sell using your online trading account or through an investment broker who handles US stocks.

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.

  1. 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.
  2. 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.
  3. 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.
  4. 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.
  5. 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 Databricks, depending on your broker.
  6. 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.

Compare trading platforms that provide access to South Africa and US stocks

To buy stocks, you’ll need to open a brokerage account. Compare your options using the table below to find the best fit for you.

Name Product Number of Stocks CFDs Shares Available Markets
eToro
2,000+
Yes
Yes
Worldwide with exception.
CFD Service. Your capital is at risk.
Plus500
2,000+
Yes
No
Worldwide with exception.
CFD Service. Your capital is at risk.
Zacks Trade
Zacks Trade
Access to global markets
No
Yes
US, CA, MX, AUT, BEL, FR, DE, IT, NL, ES, NO, SE, UK, CH, HK, JP, SG, RU, AU
Prime XBT
Access to global markets
No
Yes
US, IN, ES, JP, AU, UK, CN, DE, CA, CH, MX, NZ, CH, HK, FR
Firstrade
Access to US stocks
No
Yes
US
CM Trading
N/A
Yes
No
US, FR, DE, UK, AU, ZA, CH. HK, JP, ES, NL, IT
CFD Service. Your capital is at risk.
Exness
N/A
Yes
No
CH, VN, TH, PH, SG, ID, IN, UAE, ZA, SA, EG, BR, CR, MX
CFD Service. Your capital is at risk.
Interactive Brokers
Access to global markets
No
Yes
US, MX, RU, ES, UK, DE, IL, HK, SG, IN, KR, AU, CH, HU, CA
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Compare up to 4 providers

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Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, 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 CFDs and 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.

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