Can you buy SiFive stock in North American markets?

Highlights

• SiFive is a California-based technology company and is the founder of RISC-V computing.
• Notably, SiFive is backed by companies like Coatue, Qualcomm Ventures, Spark Capital, and Western Digital Capital.
• On April 5, SiFive, Inc. and BrainChip Holdings Ltd announced that they would combine their technologies.

The stock market has remained volatile in 2022. However, that does not mean it doesn't attract investors' attention anymore. On Thursday, April 7, investors in the North American markets were looking for the SiFive stock.

SiFive is a California-based technology company and is the founder of RISC-V computing, an open standard instruction set architecture that does not require fees.

On April 5, SiFive, Inc. and BrainChip Holdings Ltd announced that they would combine their technologies to provide optimized artificial intelligence (AI) and machine learning (ML) to chip designers.

BrainChip is believed to be the world's first commercial producer of neuromorphic AI chips and also delivers AI-powered applications.

Also Read: American Lithium (LI) and Frontier (FL): 2 TSXV lithium stocks to buy

Since the announcement of merging the technologies, potential investors started looking up the SiFive stock. On that note, let's find out if the SiFive stock exists.

Can you buy SiFive stock?

Unfortunately, the answer is no. SiFive is a private company whose stock is not listed in an equity market. There is no option for retail investors to invest in the stock of the California-based company.

Last month, it was reported that SiFive had raised US$ 175 million in a funding round at a valuation of more than US$ 2.5 billion. Notably, SiFive is backed by companies like Coatue, Qualcomm Ventures, Spark Capital, and Western Digital Capital.

BrainChip Holdings, on the other hand, is listed on the Australian Securities Exchange and trades under the stock symbol BRN. It was priced at 0.92 AUD per share at market close on April 7.

©2022 Kalkine Media® 

Bottom line

SiFive has not announced its initial public offering (IPO) plans yet, and retail investors will have to wait for the company to go public to buy its stock.

It is essential to note that there's no guarantee to get high returns in an equity market. Hence, it is the investor's responsibility to research and assess the risk capacity before buying a stock.

Also Read: EMO, ODV, and DSV: 3 TSXV precious metals stocks to buy?

Please note, the above content constitutes a very preliminary observation or view based on digital trends and is of limited scope without any in-depth fundamental valuation or technical analysis. Any interest in stocks or sectors should be thoroughly evaluated taking into consideration the associated risks.