Learn how to invest in The Boring Company stock if there’s an IPO. Increase your chances of receiving an allocation by opening an account with a commission-free broker that offers IPO investing to eligible customers.
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Latest Boring Company Stock IPO News
01/14/2021: The Boring Company gets $6.25M for LVCC Loop & permission to dig more tunnels
01/12/2021: Boring Co. Vegas Loop would be operating right now if not for COVID-19
12/24/2020: Elon Musk said that combining SpaceX, Tesla, Neuralink, and Boring under a megacorporation called ‘X’ would be a ‘good idea’
What is Boring Company?
The Boring Company is a construction infrastructure company that digs tunnels for transportation projects.
The company intends to “solve the problem of soul-destroying traffic” by going 3D. Underground transportation is out of sight, weatherproof, and safer than the alternative 3D transportation option (flying cars).
Perhaps The Boring Company is most famous because of its founder, Elon Musk. Musk, who also founded SpaceX, and Tesla, is a proven entrepreneurial savant and one of the world’s wealthiest people.
When he starts a company, people pay attention and want to join for the ride.
As of January 2021, there are currently four projects in various stages of planning and construction. The first non-testing project is underway in Las Vegas. Other projects under consideration include Los Angeles and D.C. to Baltimore.
Is Boring Company Stock Publicly Traded?
No, The Boring Company is privately owned.
Elon Musk is the primary shareholder, owning a majority of the equity. The rest is owned by early employees, SpaceX, and venture capital firms, including Vy Capital, Craft Ventures, 8VC, Future Ventures, and Gigafund.
You can find a current list of The Boring Company investors at Crunchbase.
The Boring Company has raised at least $233 million in private financing since its founding.
Since the company is majority-owned by one of the wealthiest people in the world who is handily capable of raising outside funds, a public offering seems unlikely, at least in the short-term.
Over time and as the business model develops and sales grow, private investors may want to cash out, which is often done with an IPO.
However, Musk could likely liquidate any investors with his personal wealth.
Until The Boring Company’s vision of widespread transportation tunneling begins to gain steam, it’s unlikely there will be an IPO or SPAC.
When is The Boring Company IPO Date?
The Boring Company IPO date is currently unknown. As of 2021, there have been no indications that the company will go public in the near-term.
In December 2020, Musk seemed open to the idea of combining all of his companies into a massive conglomerate, but no further details emerged.
We won’t get a sense of when The Boring Company IPO will be until one of two things occurs:
- Musk indicates sincere interest in a The Boring Company IPO
- The SEC releases a publicly-available The Boring Company S-1 filing
Even when the company and SEC publicly release an S-1 filing, we still won’t know a firm date. However, the IPO date typically occurs a month or so after the S-1 is released to the public.
IPO dates are always subject to change due to market conditions. Bookmark this page for the latest The Boring Company IPO news.
What is Boring Company Stock Price?
The Boring Company is not publicly traded on a stock exchange. There is no Boring Company stock price yet.
An estimated price range for the IPO won’t be publicized until after the S-1 filing is made public after submission and approval from the Securities and Exchange Commission (SEC).
The author will update this post with The Boring Company IPO stock pricing updates as the IPO date approaches.
What is Boring Company Stock Symbol? Boring Company Ticker?
The Boring Company has not yet submitted public filings to the SEC. Therefore, it is not yet known what the Boring Company stock symbol will be. We can only speculate.
Here are two ideas that appear to be available on U.S. exchanges:
- BORE
- BOR
Will Boring Company be a Motley Fool Stock Advisor Recommendation?
We won’t know until after the IPO if The Boring Company will be a Motley Fool Stock Advisor recommendation. However, The Boring Company fits the mold of disruptive business models that the Fool typically recommends.
When the Motley Fool recommends a company, there is usually an immediate spike in the price. Fool newsletter subscribers are notoriously long-term minded and rarely sell, meaning the stock price will continue to rise.
Considering the previous recommendation and performance of Tesla (TSLA), the Fool will be watching The Boring Company.
The Boring Company may also receive a recommendation by the Motley Fool Rule Breakers newsletter or other premium services. Both services have handily beaten the broader market since the early 2000s.
Read this Motley Fool Stock Advisor review to learn about the stock selection methodology and about how you can participate in excellent returns.
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Can you Invest in Boring Company Stock? Three Potential Ways
Generally, it’s challenging to acquire shares of high-demand private companies and IPOs. Most investors will need to settle for buying the stock if and when it begins trading.
IPO underwriters typically give their best customers access first, then allocate shares to certain institutions and brokers often tied by professional relationships.
When the largest brokers receive IPO shares, they divvy them up amongst their eligible customers, prioritizing their most valued customers first (wealthiest).
For high-demand deals, most retail investors will not get shares.
In recent years, a few brokers have partnered with the IPO investing app ClickIPO to give access to individual investors based on a proprietary rating instead of assets under management.
The ClickIPO rating, known as the Investor Score, rates higher those investors who hold IPO shares instead of flipping them.
Though ClickIPO has not demonstrated the ability to allocate app users with high-demand IPO shares, they’ve executed several dozen IPOs on its platform.
For individual investors without a high net worth, ClickIPO, and its partner brokers TradeStation and Webull are the most likely chance of participating in IPOs since the demise of LOYAL3 and Motif Investing.
Joining a broker that offers access to IPOs does not guarantee a share allocation, especially in high-demand IPOs. You are probably better off waiting for the company to start trading after the IPO.
With that, here are three potential ways to own The Boring Company Stock (timing unknown):
- Buy The Boring Company stock after it begins trading
- Buy The Boring Company stock during The Boring Company IPO through a broker
- Attempt to acquire The Boring Company equity in pre-IPO secondary marketplaces before the IPO
1. Buy the stock after the IPO
Since acquiring IPO shares is almost always challenging for individual investors, the primary way to own The Boring Company stock is to wait for the IPO to complete (if it ever happens).
Realistically, unless your brokerage account is worth more than $1 million and your broker regularly receives IPO allocations, you are unlikely to access high-demand IPOs.
In some cases, patient investors can buy the stock at or below the IPO price. This is not always true.
The Beyond Meat IPO, for example, soared and never looked back. But Uber, which many predicted to rise steeply, actually fell on the IPO date.
Spending significant effort to acquire IPO shares may not be worth it in the end. You may also spend time and effort to obtain shares but only receive a small allocation, limiting upside gain.
Though IPOs can provide one-day gains north of 20%, even up to 100% in rare cases (such as Airbnb and Doordash), the most significant gains will come during the decade following the IPO if the company is genuinely disruptive.
Take, for example, Netflix, Amazon, or Tesla. You could have bought the stock years after the IPO and still experienced gains of more than 1,000%
If you’re an investor that wants to buy The Boring Company stock for the long-term, consider opening a position after the IPO and averaging down if the stock falls.
Short-term traders may angle to acquire IPO shares and hope for a short-term pop.
2. Buy the stock during IPO through a broker
Ambitious investors can position themselves to invest in The Boring Company IPO once it arrives.
Your chances of getting IPO shares depends on four factors:
- IPO demand
- Your broker and eligibility
- Your assets under management at the broker
- Propensity to flip shares
As IPO demand increases, the chances of receiving IPO shares decreases. Therefore, the IPOs that are most interesting to the masses are the hardest to access.
Most online brokers do not offer IPO shares. Check directly to see if yours does, or look at our list of best brokers for IPO investing.
Legacy brokers, such as Fidelity and Charles Schwab, have minimum eligibility requirements and penalties for flipping shares (selling shortly after the IPO).
But even if eligible, the brokers must sub-allocate whatever limited shares they receive from the IPO underwriters.
This process is non-transparent, but priority is likely given to the wealthiest investors first.
For example, if your account balance is $500,000, and that makes you eligible according to terms, the broker may only have enough IPO shares to distribute to customers with assets of $3,000,000 or more.
This brings us to ClickIPO.
ClickIPO is a smartphone app that partners with TradeStation (through the app) and Webull (directly) to deliver IPO access to ordinary investors.
There is no minimum account value required.
ClickIPO prioritizes IPO share distribution by its Investor Score, which measures how likely an investor is to flip shares. Investors more likely to flip shares are considered to be less desirable IPO beneficiaries (in theory).
Therefore, ClickIPO offers a value proposition to underwriters and newly public companies. Download the app for free and connect it to your Tradestation account.
Click here to subscribe to Access IPOs and download the free 15-page eBook, How to Invest in IPOs – A Fundamental Guide for Ordinary Investors, which provides more detail on this dynamic.
Joining a broker that offers access to IPOs does not guarantee a share allocation, especially in high-demand IPOs. You are probably better off waiting for the company to start trading after the IPO.
3. Attempted to acquire shares in pre-IPO secondary marketplaces
Founders, early employees, and investors often find themselves in a difficult predicament. They own valuable shares of a company that doesn’t trade publicly.
These shareholders might have multi-million dollar net worth’s because of their stock holdings, but the stock is not liquid because it doesn’t trade on an exchange.
A few platforms have evolved to gives these individuals a way to liquidate their holding before the IPO. Two of the more prominent sites are EquityZen and Sharespost.
Both sites bring liquidity to an otherwise illiquid asset. Accredited investors (those with invested assets > $1,000,000) may join these sites and attempt to buy these companies’ shares when they become available.
The shares are only offered to accredited investors because the company’s financials are not publicly filed with regulators yet, increasing the investors’ risk.
For high-profile companies, demand is high, lowering your chances of acquiring shares. The author considers this a low-likelihood way to acquire shares.
However, some readers have written with success stories buying shares this way.
Where can I find Boring Company S-1 Filing?
The Boring Company S-1 filing won’t be publicly available until approved and released by the SEC. Once it is public, we’ll post it here. We’ll likely hear news of the IPO long before this.
You can find a real-time SEC feed of the latest IPO filings from other companies on the recent S-1 filings page.
Best Brokers to Buy the Stock
What is the best online brokerage for buying The Boring Company stock?
If you want to participate in the IPO, TradeStation and Webull are the primary low-minimum investment IPO brokers for investors with assets under $100,000.
See the complete list of best brokers for IPO investing here.
Joining a broker that offers access to IPOs does not guarantee a share allocation, especially in high-demand IPOs. You are probably better off waiting for the company to start trading after the IPO.
Long-term buy and hold investors may prefer a broker not as geared toward frequent trading.
As an individual investor, you’ll want to open an account with a commission-free online broker. That way, you’ll invest most of your money instead of waste it on fees.
I’m a big fan of the online brokerage M1 Finance. M1 Finance is a reliable and robust, no-fee online broker for beginner to advanced investors.
As your investing skills and portfolio mature, M1 is one of the best platforms to scale.
Investing in stocks is 100% free on the platform. They also offer an integrated checking account and low borrowing rates. Read a comprehensive M1 Finance review here.
The platform is more intuitive than old school brokers because it’s built on a modern technology platform. You create portfolio “pies” that contains all the stocks and ETFs you want to own and in what percentages. Add The Boring Company stock to your portfolio pie once it begins trading.
M1 Finance does not offer IPO access. But it’s my favorite for long-term investing, which is my preferred strategy for disruptive IPO companies.
* Disclosure: The web page contains affiliate links from our partners. If a reader opens an account or buys a service from a link in this article, we may be compensated at no additional cost to the reader. Opening an account with a broker that provides access to IPOs does not guarantee the customer allocations of specific IPOs. The author is long ABNB, TSLA.