how-to-buy-applovin-stock-ipo-1601994547362.jpg
Source: istock, AppLovin

Should You Buy AppLovin Stock?

By

Updated

Mobile gaming startup AppLovin might have finally decided to become a public company. AppLovin has been thinking about taking this step for years. The AppLovin IPO plan adds to the hot 2020 tech IPO party that includes Unity Software, Snowflake, GoodRx, and Palantir. When is the AppLovin stock IPO date? Should you buy the AppLovin stock IPO and how can you buy it? 

Article continues below advertisement
applovin-gaming-1601994689684.jpg
Source: istock

Started in 2012, AppLovin is headquartered in Palo Alto, Calif. The company's founders are Adam Foroughi, Andrew Karam, and John Krystynak. The startup is focused on mobile gaming and mobile marketing. 

Article continues below advertisement

When is the AppLovin stock IPO date?

AppLovin has tapped Morgan Stanley to prepare it for IPO, according to Reuters. The startup hasn't set the date for its public listing. However, AppLovin is targeting an IPO in early 2021. Since politics can impact market conditions, companies planning for IPO are trying to factor in the potential effect of the November presidential election.

Article continues below advertisement

Should you buy AppLovin stock IPO?

Private equity firm KKR is one of AppLovin’s existing investors. KKR invested $400 million in the startup in 2018 in a transaction that gave it a minority stake at a $2.0 billion valuation. AppLovin is one of the rare profitably tech startups. In 2020, the startup is targeting $1.4 billion in revenue. 

Investors looking for a profitable tech startup with huge growth potential may find AppLovin stock appealing. The mobile gaming market is on track to generate $77.2 billion in revenue in 2020 — 13.3 percent growth over the previous year. Since AppLovin has captured less than the available market opportunity, there’s a long runway ahead for the company.

Article continues below advertisement
applovin-stock-1601994769449.jpg
Source: istock

How to buy the AppLovin stock IPO

Since AppLovin is currently a private company, you can’t invest directly right now unless you’re an accredited investor. However, interest investors will have a chance to buy AppLovin stock after it comes to the public market. AppLovin hasn't decided if it will list its stock on the NYSE or Nasdaq. 

Article continues below advertisement

Regardless of the exchange, you will be able to buy AppLovin stock online through brokers like Tastyworks, Webull, SoFi Invest, Cash App, Charles Schwab, and Robinhood.

How to buy the AppLovin stock IPO on Robinhood

Robinhood offers a pre-IPO stock purchase feature that may be ideal for investors looking to buy AppLovin stock IPO. To be able to buy AppLovin stock on Robinhood, you need to open a Robinhood trading account and fund it. You can choose from several account types. The premium Robinhood Gold account provides access to stock research materials and costs $5 per month. However, buying and selling stocks on Robinhood is free.

Advertisement

More From Market Realist