How to buy AFC Gamma IPO – A Handy Guide by Professionals

AFC Gamma has finally filed to go public. AFC Gamma offers institutional loans to cannabis companies for production, cultivation, processing, and distribution.

If you’re a retail investor, the easiest way to purchase AFC Gamma shares is to buy them through your broker in the open market. The trick here is to use a brokerage that will instantly list the symbol (ticker) of the company as soon as it started trading on the NASDAQ. This is especially important if you’re a trader (not a buy&hold investor) and want to flip the stock for a profit.

Unfortunately, it’s rather difficult to invest directly into an IPO as a retail investor. Underwriters typically sell the majority of new shares to institutional investors, such as mutual funds, pension funds or hedge funds. For example, Fidelity requires investors to have assets worth at least $100,000 to be eligible to take part in the IPO process. Even if your broker allows you to participate in the public offering, there’s no guarantee they’ll allocate the full amount you have signed up for. Lastly, should you be able to buy into the IPO, keep in mind that selling the stock shortly after it started trading (also known as flipping) is frowned upon by most brokers.

IPOs are risky investments. If you want to invest in one, make sure you are well-informed.

If you would like to take a step back and read about how to buy shares online, click here.

We recommend you read the IPO prospectus at the following link: AFC Gamma IPO prospectus.

How to buy AFC Gamma IPO

Top brokers for buying AFC Gamma shares

We’ve collected the most recommended brokers that offer trades on the NASDAQ and which – in our experience – are quick to add new IPOs like AFC Gamma.

Interactive Brokers Interactive Brokers is a US discount broker. It is listed on a stock exchange and regulated by several authorities, including top-tier ones like the FCA and the SEC. Visit broker
Alpaca Trading Alpaca Securities LLC is US-based broker providing commission-free API stock trading. The company is regulated by the top-tier SEC and FINRA: Visit broker
TradeStation Global TradeStation Global is an introducing broker of Interactive Brokers. This practically means that assets and cash are held with Interactive Brokers, but services like fees and customer support are provided by TradeStation Global. TradeStation Global is regulated by the top-tier UK FCA. Visit broker
Zacks Trade Zacks Trade is a US discount broker that also allows international clients to open an account. Zacks Trade is a division of LBMZ Securities, which is regulated by SEC and FINRA. Customers are protected by the SIPC scheme, up to $500,000 (including a $250,000 limit for cash). Visit broker
Saxo Bank Saxo Bank is a Danish investment bank. It is regulated by several financial authorities globally, including the top-tier UK FCA. Visit broker
How to buy AFC Gamma IPO

Fees for trading AFC Gamma stocks

Let’s take a look at the fees for trading AFC Gamma shares at our five recommended brokers

You have to count with different kind of fees when you are trading with AFC Gamma shares.

Commission is a fee, based on the traded volume or a flat fee per trade. For example, 0.1% of €10,000, $5/trade or $0.005/share.

Needless to say, these are different at each broker. Let’s see the fees of trading with AFC Gamma shares at our recommended brokers.

AFC Gamma stock fees
 Saxo BankFusion MarketsCMC MarketsInteractive BrokersCapital.com
EURUSD spread0.80.00.70.10.6
GBPUSD spread1.30.20.90.31.3
AUDUSD spread0.80.00.70.10.6
EURCHF spread1.40.62.50.42.2
EURGBP spread1.40.31.10.21.5
How to buy AFC Gamma IPO

The Bottom Line

You don’t necessarily have to invest into the IPO itself if you want to be a shareholder of AFC Gamma.

You can buy the stock on the NASDAQ as soon as it starts trading.

Simply follow these four easy steps:

  1. Find a broker
  2. Open your account
  3. Fund the account
  4. Buy the stock

It may look tricky at first, but all you need to do is take it step-by-step. Keep in mind that steps 2 and 3 can take time so planning ahead is usually a wise thing if you want to trade AFC Gamma shares on day 1.

If you want to deepen your knowledge about IPOs, check out our article about investing in IPOs. If you’re still unsure, use our broker finder tool to discover the best online broker that suits your needs.

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