Mavenir's IPO journey has kicked off with the software startup filing its listing documents with the SEC and hiring investment banks to oversee the process. When is the Mavenir stock IPO date? Should you invest in Mavenir stock?
When is the Mavenir IPO date?
Mavenir filed its IPO documents with the SEC on Oct. 6, outlining a plan to become a publicly traded company again. Mavenir first went public in 2013 but was taken private in 2015.
Investors looking to participate in the new Mavenir public listing will have to wait a little, as Mavenir's IPO date and pricing terms are yet to be announced. However, Mavenir stock will trade on the Nasdaq under the “MVNR” ticker symbol when it becomes public.
Should I buy into the Mavenir stock IPO?
Mavenir provides cloud-based software solutions for mobile network operations, and serves more than 250 wireless providers around the world. Its customers include Dish Network, which purchased T-Mobile and Sprint assets to launch its wireless brand. All three leading mobile operators in the U.S. are Mavenir customers.
Mavenir generated $462 million in revenue in the 12 months through July 31. The company estimates its addressable market to be $4.0 billion in 2020, and sees its market opportunity expanding to $12 billion in 2024. Mavenir, which stands to benefit massively from the shift to 5G connectivity, is a 5G stock to watch.
Where to buy the Mavenir stock IPO
Once Mavenir stock comes to the public market, any investor with a stock trading account will be able to buy it. You can open a stock trading account with online brokers such as Robinhood, Webull, Charles Schwab, Vanguard, Fidelity, Tastyworks, SoFi Invest, and Cash App.
Most of these brokers have eliminated commissions, allowing you to buy and sell stocks for free. Additionally, you can start investing with most of these brokers with as little as $1 by purchasing fractional shares.
How to buy into the Mavenir stock IPO on Robinhood
Robinhood offers a pre-IPO stock purchase tool that allows investors to place advance orders for newly public stock. Robinhood’s pre-IPO stock purchase feature may be ideal for investors looking to get in Mavenir stock early.
To buy Mavenir stock on Robinhood, you’ll first need to set up a trading account and fund it. Robinhood offers several account types to suit different investor preferences. For example, Robinhood Gold account holders pay $5 per month and have access to Morningstar stock research materials to support their investment decisions.