Finder makes money from featured partners, but editorial opinions are our own.
Teads has cancelled its IPO. Even though you won’t be able to buy Teads stock directly, there are still ways to indirectly back the company.
What we know about the Teads IPO
On August 26, 2021, Teads submitted a withdrawal request to the US Securities and Exchange Commission (SEC), effectively cancelling its IPO.
Teads had originally filed a draft registration with the US Securities and Exchange Commission on July 6, 2021. The company had planned to go public on the Nasdaq under the stock ticker symbol “TEAD.”
Altogether, it was hoping to raise $751 million by selling 38.5 million stocks at a proposed price of $18–$21 each. Its parent company, Altice International, was to maintain control of the company’s voting rights by owning more than 50% of its Class B stocks.
Unfavourable market conditions have been cited as the reason for the withdrawal. Teads has not announced a future IPO date. We’ll update this page as more information becomes available.
About Altice
Altice is a global telecommunications company that provides cable-based services (and mobile telephony services in some countries). It was founded in 2001 and is based in Luxembourg. Altice’s 2020 annual revenue was $9.89 billion, up from $9.76 billion in 2019. Altice USA is headquartered in New York and operates in the United States, Canada, Puerto Rico and the Virgin Islands.
How to invest in Teads from Canada
Although you won’t be able to buy Teads stock directly, you can still indirectly back Altice, its parent company. Altice USA trades on the NYSE under the ticker symbol “ATUS.” To buy US stocks, you need to open a stock trading account with a Canada-based broker that provides access to US stock exchanges.
Low margin rates
- Access to international stock exchanges
- Low margin rates
- Powerful research tools
CA & US trading
- 6% cash rebate plus $2,200 in trading perks
- Low transaction fees
- Easy-to-use app
Tax implications of buying US stocks in Canada
Agreements between Canada and the US require Canadians holding US stock investments to pay the US Internal Revenue Service (IRS) a 15% withholding tax on any dividends earned on their US stocks. Interest earned from bonds or other interest-yielding US investments are similarly taxed at a rate of 10%.
An exception is made for stock investments held in trust exclusively designed to provide retirement income. Such trusts include RRIFs, LIRAs, LIFs, LRIFs and Prescribed RRIFs. RRSPs are also exempt from US withholding tax if you own US investments in the form of US stocks, bonds or ETFs.
Investment accounts that do not qualify for this exemption include RESPs, TFSAs and RDSPs.
All income from investments, including foreign investments, must be declared as part of your income on your Canadian tax return. Unless your US earnings are exempt from withholding tax, this means you’ll be double taxed on those earnings — first by the IRS, then by the CRA. However, the CRA may allow you to claim foreign tax credits for any taxes you’ve already paid to the IRS.
Speak with a tax professional to find out what rules and exceptions apply to your circumstances.
Compare stock trading platforms
You can compare features of stock trading platforms in the table below. Once you’ve decided on the right fit for your needs, click the “Go to site” button to get started.
1 - 6 of 6
Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, 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 CFDs and 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. Read the Product Disclosure Statement (PDS) and Target Market Determination (TMD) for the product on the provider's website.
More on investing
How do ETFs work?
Your guide to how ETFs work and whether this type of investment is right for you.
Read more…
How to read stock charts
Learning how to read stock charts and recognize chart patterns can unlock your success as a trader.
Read more…
What are stocks?
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…More resources on Finder
More guides on Finder
-
How to buy Yoshitsu Co. stock in Canada
Steps to owning and managing Yoshitsu Co. stocks, with 24-hour and historical pricing before you buy.
-
How to buy Cerberus Cyber Sentinel stock in Canada
Steps to owning and managing Cerberus Cyber Sentinel stocks, with 24-hour and historical pricing before you buy.
-
How to buy Fresh Grapes LLC stock in Canada
Steps to owning and managing Fresh Vine Wine, Inc stocks, with 24-hour and historical pricing before you buy.
-
How to buy Quest Diagnostics Incorporated stock in Canada
Steps to owning and managing DGX with 24-hour and historical pricing before you buy.
-
How to buy Nuvectis Pharma (NVCT) stock in Canada when it goes public
Everything we know about the Nuvectis Pharma IPO plus information on how to buy in.
-
How to buy BuzzFeed stock in Canada
Steps to owning and managing BuzzFeed, Inc stocks, with 24-hour and historical pricing before you buy.
-
Best renewable energy stocks
These are the best renewable energy stocks to buy now in Canada.
-
Can I buy AeroFarms stock?
A failed SPAC deal pulled the plug on this vertical farming company’s plans to go public. But you can buy stock in other sustainable farming companies.
-
How to buy Reddit stock in Canada when it goes public
Everything we know about the Reddit IPO plus information on how to buy in.
-
How to invest in the S&P 500 in Canada
Find out how to invest in the S&P 500 in Canada—one of the world’s most popular stock indices—to diversify your portfolio.