AFC Gamma has finally filed to go public. AFC Gamma offers institutional loans to cannabis companies for production, cultivation, processing, and distribution.
If you're a retail investor, the easiest way to purchase AFC Gamma shares is to buy them through your broker in the open market. The trick here is to use a brokerage that will instantly list the symbol (ticker) of the company as soon as it started trading on the NASDAQ. This is especially important if you're a trader (not a buy&hold investor) and want to flip the stock for a profit.
Unfortunately, it's rather difficult to invest directly into an IPO as a retail investor. Underwriters typically sell the majority of new shares to institutional investors, such as mutual funds, pension funds or hedge funds. For example, Fidelity requires investors to have assets worth at least $100,000 to be eligible to take part in the IPO process. Even if your broker allows you to participate in the public offering, there's no guarantee they'll allocate the full amount you have signed up for. Lastly, should you be able to buy into the IPO, keep in mind that selling the stock shortly after it started trading (also known as flipping) is frowned upon by most brokers.
IPOs are risky investments. If you want to invest in one, make sure you are well-informed.
If you would like to take a step back and read about how to buy shares online, click here.
We recommend you read the IPO prospectus at the following link: AFC Gamma IPO prospectus.
Top brokers for buying AFC Gamma shares
We've collected the most recommended brokers that offer trades on the NASDAQ and which - in our experience - are quick to add new IPOs like AFC Gamma.
| Webull is a discount US stockbroker regulated by the top-tier US SEC and FINRA as well as the Hong Kong SFC. | Visit broker | |
| moomoo is a US-based zero-commission broker. It is overseen by several authorities, including top-tier ones like the SEC and FINRA. | Visit broker | |
| E*TRADE is a US stockbroker regulated by top-tier authorities SEC and FINRA. The company is listed on NASDAQ and has a banking background. | Visit broker | |
| SoFi Invest is a discount US stockbroker regulated by the top-tier SEC and FINRA. | Visit broker | |
| TradeStation is a US stockbroker regulated by FINRA, a top-tier US regulatory body. | Visit broker |
Fees for trading AFC Gamma stocks
Let's take a look at the fees for trading AFC Gamma shares at our five recommended brokers
You have to count with different kind of fees when you are trading with AFC Gamma shares.
Commission is a fee, based on the traded volume or a flat fee per trade. For example, 0.1% of €10,000, $5/trade or $0.005/share.
Needless to say, these are different at each broker. Let's see the fees of trading with AFC Gamma shares at our recommended brokers.
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US stock
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$0 per trade plus regulatory and exchange fees | $0 per trade plus $0.5 contract fee and regulatory and exchange fees. These fees differ for Canadian users | Free stock and ETF trading | $0 per trade | $5 per trade for non-US clients. For US clients, commission-free up to the first 10,000 shares per trade. |
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US stock fees class
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Low | Low | Low | Low | Low |
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More | More | More | More | More |
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Visit broker | Visit broker | Visit broker | Visit broker | Visit broker |
The Bottom Line
You don't necessarily have to invest into the IPO itself if you want to be a shareholder of AFC Gamma.
You can buy the stock on the NASDAQ as soon as it starts trading.
Simply follow these four easy steps:
- Find a broker
- Open your account
- Fund the account
- Buy the stock
It may look tricky at first, but all you need to do is take it step-by-step. Keep in mind that steps 2 and 3 can take time so planning ahead is usually a wise thing if you want to trade AFC Gamma shares on day 1.
If you want to deepen your knowledge about IPOs, check out our article about investing in IPOs. If you're still unsure, use our broker finder tool to discover the best online broker that suits your needs.
Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.
