{“menuItems”:[{“label”:”Intchains Group”,”anchorName”:”#intchains-group”},{“label”:”Nava Health MD”,”anchorName”:”#nava-health-md”},{“label”:”Prestige Wealth”,”anchorName”:”#prestige-wealth”},{“label”:”How to invest in IPOs”,”anchorName”:”#how-to-invest-in-ipos”},{“label”:”Open a stock trading account”,”anchorName”:”#compare”}]}In the US, there have been around 180 IPOs in 2022. This is down significantly from 2021 which saw 1,035 companies debut on US stock exchanges. According to PwC, over 60% of US IPOs were withdrawn this year.With market uncertainty at a high, investors are increasingly preferring to play it safe by shifting away from high-growth companies to those with sustainable profits, solid cash flow and competitive offerings.Here are 3 upcoming IPOs to watch in December 2022. There may be delays as business owners try to weigh the market and judge the best time to approach investors.3 upcoming IPOs to watch in December 2022Intchains GroupICGDecember 2022$7.00 – $9.00Nava Health MDNAVAJanuary 2023$5.00 – $7.00Prestige WealthPWMDecember 2022$5.50 – $6.50Intchains GroupIntchains Group develops high-performance ASIC chips and ancillary software and hardware for blockchain applications. The company is headquartered in Shanghai, China and plans to list American Depositary Shares (ADSs) on the Nasdaq. Over the last 12 months, its revenue was $99.1 million and its net income was $70.6 million. You can view its prospectus here.Name: Intchains Group Ltd.Symbol: ICGExchange: Nasdaq Capital MarketEstimated volume: $28.6 millionExpected share price: $7.00 – $9.00Expected IPO date: December 2022Nava Health MDNava Health MD is a healthcare practice that combines traditional, functional, holistic and regenerative medicine. The company is headquartered in Columbia, Maryland and provides on-demand telehealth services in 15+ states. Over the last 12 months, its revenue was $9.27 million and its net income was $80,000. You can view its prospectus here.Name: Nava Health MD, LLCSymbol: NAVAExchange: Nasdaq Capital MarketEstimated volume: $22.5 millionExpected share price: $5.00 – $7.00Expected IPO date: January 2023Prestige Wealth Prestige Wealth, through its subsidiaries, is a wealth management and asset management services provider. The company is headquartered in Hong Kong and primarily serves high net worth and ultra-high net worth individuals in Asia. Over the last 12 months, its revenue was $2.79 million and its net income was $1.91 million. You can view its prospectus here.Name: Prestige Wealth Inc.Symbol: PWMExchange: Nasdaq Capital MarketEstimated volume: $15.0 millionExpected share price: $5.50 – $6.50Expected IPO date: December 2022How to invest in IPOsOpen a stock trading account. Trading platforms such as Questrade and Qtrade let you order some IPO stocks at the initially proposed price before these stocks hit the secondary market and become more widely available.Find the IPO stock you want to buy. Search for stocks by company name or ticker symbol (for example, “AAPL”), select the stock and enter the number of shares you want to buy.Review and submit your order. Place a market order to buy at the listed stock price, or place a limit order to buy in the future when the price is more favourable. Note that IPO stock prices tend to rise sharply immediately following a public offering but often taper off afterwards.
Open a stock trading accountTo buy IPO stocks, you’ll need an investment account. Note that not all brokerages provide access to IPO stocks. Some, like Interactive Brokers and Wealthsimple, only let you buy newly-listed stocks on on the secondary market. Others, like Questrade and Qtrade, provide access to IPO stocks as soon as these stocks become available, even before hitting the secondary market.
Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, 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 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.
More on investing
3 upcoming IPOs to watch in December 2022
{“menuItems”:[{“label”:”How high is your interest rate?”,”anchorName”:”#how-high-is-your-interest-rate”},{“label”:”Your credit score could be impacted”,”anchorName”:”#your-credit-score-could-be-impacted”},{“label”:”Bottom line”,”anchorName”:”#bottom-line”}]}A computer chip developer, healthcare company and wealth management group are among the upcoming IPOs you should keep an eye on.
Read more…
What are stocks?
{“menuItems”:[{“label”:”How high is your interest rate?”,”anchorName”:”#how-high-is-your-interest-rate”},{“label”:”Your credit score could be impacted”,”anchorName”:”#your-credit-score-could-be-impacted”},{“label”:”Bottom line”,”anchorName”:”#bottom-line”}]}Owning a stock means you own part of a company and can potentially grow your wealth. But there is a risk of loss.
Read more…
Best time to buy stocks
{“menuItems”:[{“label”:”How high is your interest rate?”,”anchorName”:”#how-high-is-your-interest-rate”},{“label”:”Your credit score could be impacted”,”anchorName”:”#your-credit-score-could-be-impacted”},{“label”:”Bottom line”,”anchorName”:”#bottom-line”}]}The best time to buy stocks could be right after an IPO, during expansion periods or when other investors are buying or selling.
Read more…
