eToro to add Squarespace stock to offering
Squarespace is going public and eToro is planning to add the stock to its offering. On eToro, the $SQSP (Squarespace) stock will be available for investment soon after the listing.
Let’s note that the price on eToro may differ substantially from the initial listing price. Availability will initially be only for BUY direction with no leverage.
To invest:
- Go to the SquareSpace stock page by typing in SQSP in the search box at the top of the page.
- Click on the “Trade” button.
- Choose whether to BUY (go long) or once available, SELL (go short) the stock. (Clicking on “BUY” means you expect the value of the stock to increase. Clicking on “SELL” means you expect the stock’s value to decrease).
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Insert your preferred Stop Loss and Take Profit points.
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Click on the “Open Trade” button.
The ability to obtain shares of any newly issued stock may be significantly limited because overall demand for the IPO/Direct Listing may far exceed the actual supply of shares coming to the market. In order for eToro to make trading of the stock available, there are a few things that need to be in place and they are as follows:
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The stock should be listed on the relevant exchange after the IPO. Typically, trading on stocks after an IPO does not begin at the opening bell, only later in the session.
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Liquidity providers will need to have sufficient liquidity of the stock in order to allow eToro to open it for traders. Bearing the above in mind along with a combination of very high demand here at eToro – it may take up to a few hours for access on the eToro platform after the expected direct listing of $SQSP.
eToro regularly expands its offering. In April, the broker confirmed the addition of $PATH (UiPath Inc.) to the eToro platform.
$PATH designs and develops robotic process automation (RPA) software technologies. RPA streamlines workflows, which makes organizations more profitable, flexible, and responsive. Founded in Bucharest in 2005, the company now has over 40 offices worldwide. The listing gives the company a market value of approximately $30 billion.
Shortly before that, eToro announced the addition of Chainlink ($LINK) and Uniswap ($UNI) to offering of trading instruments. In March, the broker added six new assets to its offering. And, earlier this year, the company introduced 34 assets to its lineup of trading instruments.