How to buy Databricks shares when it goes public

Databricks Inc, best known for its unified data analytics platform, is reportedly considering an IPO later this year. According to a Bloomberg report, the company was valued at $6.2 billion in 2019. But the company announced new funding on Feb. 1, 2021 from investors including Amazon and Alphabet that valued the company at $28 billion, CNBC reported.

Here's what we know so far about the IPO — and how to invest when the stock goes public.

How to buy shares in Databricks when it goes public

Once Databricks 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.

1. Compare share trading platforms. Find a platform that suits your investing style. In this case, you might need a brokerage providing access to newly listed stocks. Narrow down top brands with our comparison table.
2. Open and fund your brokerage account. Create an account using basic personal details along with your ID and bank information. You can make a deposit with a bank transfer, credit card or debit card.
3. Search for Databricks. Find the stock by name or the ticker symbol .
4. Buy Databricks shares. Once shares become available on your platform, decide how much stock you want to buy and create an order.

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What we know about the Databricks IPO

There's speculation that Databricks is planning an IPO. We're unable to confirm that news, and Databricks has not yet filed a viewable Form S-1 with the US Securities and Exchange Commission. We'll update this page with information as it becomes available.

How do similar companies perform?

It's impossible to predict how any stock will perform — and IPOs can be particularly volatile. But evaluating the performance of companies like Databricks can be useful in determining how the market is performing and whether now is a good time to invest in this industry. Select a company to learn more about what it does and how its stock performs, including market capitalisation, the price-to-earnings (P/E) ratio, price/earnings-to-growth (PEG) ratio and dividend yield. While this list includes a selection of the most well-known and popular stocks, it doesn't include every stock available.

• Snowflake (SNOW.US)

  Company summary

  Snowflake Inc. provides a cloud-based data platform for various organizations in the United States and internationally. Its platform offers Data Cloud, which enables customers to consolidate data into a single source of truth to drive meaningful business insights, build data-driven applications, and share data and data products, as well as applies artificial intelligence (AI) for solving business problems. The company was formerly known as Snowflake Computing, Inc. and changed its name to Snowflake Inc. in April 2019. Snowflake Inc. was incorporated in 2012 and is based in Bozeman, Montana.

  Historical performance

  Stock information

  • Market capitalization: $53666242560
  • PEG ratio: 7.0833
  • Dividend yield: N/A%

  Get more detailed information and learn how to buy SNOW.US shares

• Cloudera (CLDR.US)

  Company summary

  Cloudera, Inc. offers a suite of data analytics and management products in the United States, Europe, and Asia. The company operates through two segments, Subscription and Services. The company offers Cloudera DataFlow, a streaming data platform that collects, curates, and analyzes data; Cloudera Data Science Workbench that enables self-service data science for the enterprise; Cloudera Enterprise Data Hub, a solution that allows companies to execute multiple analytic functions against a shared set of governed and secure data; Cloudera Data Warehouse, a data warehouse that provides cloud solution for self-service analytics; Cloudera Operational DB, a solution that enables stream processing and real-time analytics on changing data; Cloudera Data Science and Engineering, which enables users to streamline and scale big data processing; and Hortonworks Data Platform, a data management platform that helps organizations to store, process, and analyze various data assets. Its solutions also include Cloudera SDX, a solution that enables common security, governance, lineage, and metadata management for multiple analytics functions; and Cloudera Workload XM, an analytic workload experience management cloud service. In addition, the company provides consulting, professional, and education services. It serves corporate enterprises and public sector organizations primarily through its direct sales force. The company was incorporated in 2008 and is headquartered in Santa Clara, California.

  Historical performance

  Stock information

  • Market capitalization: $4736509440
  • PEG ratio: -0.84
  • Dividend yield: 0%

  Get more detailed information and learn how to buy CLDR.US shares

• Microsoft Corporation (MSFT.US)

  Company summary

  Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services. This segment also provides LinkedIn; and dynamics business solutions, including Dynamics 365, a set of intelligent, cloud-based applications across ERP, CRM, power apps, and power automate; and on-premises ERP and CRM applications. The Intelligent Cloud segment offers server products and cloud services, such as azure and other cloud services; SQL and windows server, visual studio, system center, and related client access licenses, as well as nuance and GitHub; and enterprise services including enterprise support services, industry solutions, and nuance professional services. The More Personal Computing segment offers Windows, including windows OEM licensing and other non-volume licensing of the Windows operating system; Windows commercial comprising volume licensing of the Windows operating system, windows cloud services, and other Windows commercial offerings; patent licensing; and windows Internet of Things; and devices, such as surface, HoloLens, and PC accessories. Additionally, this segment provides gaming, which includes Xbox hardware and content, and first- and third-party content; Xbox game pass and other subscriptions, cloud gaming, advertising, third-party disc royalties, and other cloud services; and search and news advertising, which includes Bing, Microsoft News and Edge, and third-party affiliates. The company sells its products through OEMs, distributors, and resellers; and directly through digital marketplaces, online, and retail stores. The company was founded in 1975 and is headquartered in Redmond, Washington.

  Historical performance

  Stock information

  • Market capitalization: $3251942195200
  • P/E ratio: 36.0883
  • PEG ratio: 2.4073
  • Dividend yield: 0.0076%

  Get more detailed information and learn how to buy MSFT.US shares

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