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.
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.
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.
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.
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