What we know so far
Offer price: | $5.00 - $7.00 |
Stock symbol: | YGF |
Estimated size: | $30 million |
Status: | Postponed |
YanGuFang International Group has postponed plans to have an IPO on the Nasdaq. Here's what we know about the IPO so far and how to buy YanGuFang International Group stock in Canada.
On August 5, 2022, YanGuFang International Group—a China-based company that researches, develops, produces and sells oat and grain products—filed a prospectus with the US Securities and Exchange Commission (SEC) to go public. You can view a more recent version of the document here.
It had planned to offer 5 million stocks on the Nasdaq Capital Market under the ticker symbol "YGF." Altogether, YanGuFang International Group had hoped to raise around $30 million from the IPO. Stocks were expected to begin trading on September 26, 2022.
YanGuFang International Group has since postponed the IPO. It has not yet announced a future IPO date. We'll update this page as more information becomes available.
Note: all dollar amounts on this page are in US dollars unless otherwise stated.
Once YanGuFang International Group goes public, you'll need a brokerage account to invest. Consider opening a brokerage account today so you're ready as soon as the stock hits the market.
You won't be able to buy YanGuFang International Group stocks on a Canadian stock exchange like the TSX. Instead, you need a Canadian broker that provides access to international stock exchanges.
You can access US exchanges like the NYSE and the NASDAQ using Canadian trading platforms like Qtrade, Wealthsimple, Scotia iTRADE and CIBC Investor's Edge.
Interactive Brokers provides access to many stock exchanges outside North America like the Hong Kong Stock Exchange (SEHK), Korea Stock Exchange (KSE), National Stock Exchange of India (NSE), Frankfurt Stock Exchange (FWB) and London Stock Exchange (LSE).
It's impossible to predict how any stock will perform — and IPOs can be particularly volatile. Looking at the performance of similar companies can help you decide if now is a good time to buy YanGuFang International Group stock.
See how the following stocks are performing, and view details like market capitalization, the price-to-earnings (P/E) ratio, price/earnings-to-growth (PEG) ratio and dividend yield.Note: The dollar amounts in the table below are in Canadian dollars.
Canadians who earn dividends from US stock investments must pay the US Internal Revenue Service (IRS) a 15% withholding tax on their earnings. The rate goes down to 10% for bonds and other interest-yielding US investments.
An exception is made for stock investments held in trusts designed to provide retirement income. This includes RRIFs, LIRAs, LIFs, LRIFs and Prescribed RRIFs. RRSPs that hold US stocks, bonds or ETFs are also exempt from US withholding tax. RESPs, TFSAs and RDSPs are not exempt.
Canadian and international investment income must be declared on your Canadian tax return. Unless your US earnings are exempt from withholding tax, this means you'll be taxed by both the IRS and the CRA. 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 in your circumstances.
Your guide to how ETFs work and whether this type of investment is right for you.
Read more…Learning how to read stock charts and recognize chart patterns can unlock your success as a trader.
Read more…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…Learn about the supported transactions, features and fees of the RBC Flex Choice Business Account Package.
With most banks, opening a chequing account online is a straightforward process
We compare EQ Bank and Wealthsimple head to head to see how their banking products and services stack up against one another.
We compare Simplii and CIBC head-to-head to help you work out which is the right bank for you.
Compare products and services from Simplii Financial and KOHO to find out which is best for you.
We compare accounts, products and services from Simplii and EQ Bank to help you find the right bank for you.
From No Fuss to Big Perks, These are the Best Unlimited Chequing Accounts in Canada
How to maximize your chances of getting approved for a car loan with low income.
We compare EQ Bank and KOHO side by side to help you find the best bank for your needs.
We compare Nyble, Bree and KOHO cash advances based on cost, speed, eligibility criteria and more.