Parkin is a key player in Dubai’s transport sector, providing a wide range of parking management solutions throughout the city. The company works closely with Dubai’s Roads and Transport Authority (RTA) to manage parking infrastructure, ensuring seamless and efficient parking services for residents and visitors. As Dubai continues to grow as a global metropolis, the demand for smart and innovative parking solutions has increased significantly. Parkin is at the forefront of implementing smart technologies, including automated payment systems and real-time parking availability updates, to improve user experience. In 2024, Parkin is expected to go public with an IPO on the Dubai Financial Market (DFM), aiming to raise $429 million.
The Parkin IPO is expected to attract investors interested in the growing infrastructure and urban mobility sectors. With the backing of Dubai’s RTA and the city’s focus on enhancing transport and parking efficiency, Parkin is positioned for significant growth. The IPO will provide an opportunity for investors to tap into Dubai’s evolving urban infrastructure landscape.
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.
Top broker for buying Parkin shares
1. eToro – Best Crypto Exchange for Beginners
Min Deposit: $100
Fees: 4.8
Assets available: 4.8
Total Fees:
51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
eToro is a popular investment platform in the UAE, offering access to IPOs with a simple and user-friendly interface. It allows investors to participate in newly listed companies with fractional shares, making it accessible to those with smaller capital. The platform provides access to global markets, making it a convenient option for UAE investors interested in diversifying their portfolios with IPO investments.
51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Fees for trading Parkin stocks
Let’s take a look at the fees for trading Parkin shares at our recommended brokers. You have to count with different kinds of fees when you are trading with Parkin 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 Parkin shares at our recommended broker eToro.
| Fee Type | Amount | Details |
|---|---|---|
| Commission on Stocks | $0.00 | No commission for buying non-leveraged stocks, including IPOs |
| Spread (CFDs) | Varies | Charged based on the difference between buy/sell prices |
| Currency Conversion Fee | 0.5% | Applied to non-USD deposits/withdrawals |
| Withdrawal Fee | $5 per withdrawal | Fixed fee for each withdrawal from the account |
| Inactivity Fee | $10/month | Applied after 12 months of inactivity |
| Overnight/Weekend Fees | Varies (x3 on weekends) | Charged on open CFD positions |
Conclusion
In conclusion, you can purchase Parkin stock once trading begins. Here are four simple steps to follow:
- Choose a broker
- Set up your account
- Add funds to the account
- Purchase the stock
Although it may seem complicated, just break it down into manageable steps. Keep in mind that opening and funding an account can take some time, so it’s smart to plan ahead if you want to trade Parkin shares on the first day.
For more information on IPOs, take a look at our article on IPO investing.
If you’re still uncertain, try our broker selector tool to help you choose the right online broker for your needs.