How to Buy Grammarly Stock [2024] | IPO & Valuation

Summary: Grammarly is not a publicly traded company, so its stock is not available for direct purchase. However, there have been some rumors about a potential initial public offering (IPO) in 2024. Until more news is out, investors can invest in some Grammarly stock alternatives and gain exposure to the artificial intelligence (AI) sector that way through online stock trading platforms such as eToro. 

About Grammarly

Grammarly is a cloud-based typing assistant that evaluates English language texts and checks them for spelling, grammar, clarity, engagement, and stylistic errors. It also has plagiarism-checking and artificial intelligence (AI) capabilities, as well as language variety options (e.g., British, Canadian, US English). Today, the platform boasts over 30 million users and is the most popular tool of its kind.

Grammarly stock IPO

Grammarly is not yet a public company. There have been some rumors of a potential 2024 IPO last year, but the Grammarly team claims they are not really interested in it yet, despite being ready to do so. The company is valued at around $13 billion and believes going public would be a mere financial move, not affecting the company’s focus and trajectory in other areas of operation. Therefore, no official details about potential IPO dates are available.

How to buy Grammarly stock: Step-by-step

As mentioned, Grammarly is not a publicly traded company, so its stock is not available for direct purchase. However, you can invest in some of its alternatives listed on online stock trading platforms.

To invest in a Grammarly alternative, you can follow these simple steps:

1. Step 1: Choose a broker;
2. Step 2: Open and fund your account;
3. Step 3: Research Grammarly stock alternatives; 
4. Step 4: Place your order to invest in an aerospace company of your choice;
5. Step 5: Monitor your portfolio.

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Step 1: Choose a broker

First, you’ll have to select a stock broker. When choosing a broker, consider fundamentals such as fees and commissions, user interface friendliness, customer support promptness, and any additional features that might make your user experience smoother (e.g., demo accounts that let you explore the platform for free). 

Our go-to brokerage is eToro, a major stock trading platform with a user-friendly platform with millions of users and features such as:

• Commission-free stock trading; 
• Access to global stock exchanges; 
• Fractional shares; 
• Charting tools;
• Copy-trading and Smart Portfolios. 

Step 2: Fund your account

When you find a broker, you can open and fund your account. To transfer funds, you can use bank transfers, credit/debit card payments, wire transfers, third-party payment aggregators such as PayPal, etc.

Step 3: Research Grammarly stock alternatives

Next, you can research the market and find some Grammarly alternatives. Grammarly is an AI tool, and the AI industry is new and highly profitable, so you’ll have a decent amount of choices. Some of the better-positioned AI companies expected to see growth in 2024 include:

1. Alphabet (NASDAQ: GOOGL);
2. Symbotic (NASDAQ: SYM);
3. GitLab (NASDAQ: GTLB);
4. CrowdStrike (NASDAQ: CRWD).

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1. Alphabet (GOOGL)

Alphabet is the parent company of brands such as Google, YouTube, and Android, as well as an AI-oriented company heavily involved with cloud computing and AI language models. Alphabet’s most recent AI venture was Gemini, a fresh model that managed to outperform human experts in a comprehensive multitask language understanding test, surpassing even OpenAI’s model Chat GPT 4. This positions Gemini as a potential major revenue driver for Alphabet upon widespread adoption.

Alphabet stock price

Your capital is at risk.

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2. Symbotic (SYM)

Symbotic is a supply chain infrastructure company selling robotics and AI software tailored to large retailers and wholesalers. For investors seeking smaller companies with solid growth potential, Symbotic may be a solid choice. Namely, the company has no debt on its balance sheet and boasts a market cap of around $31 billion as of December 2023, which puts it in a good position to realize its plans for warehouse automation.

Symbotic stock price

Your capital is at risk.

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3. GitLab (GTLB)

GitLab is a DevOps platform that focuses on security operations that help IT teams to share and collaborate on software code, a crucial aspect of generative AI, where efficiency in building applications is paramount. Furthermore, GitLab has been introducing new AI features, such as its Duo Chat natural-language AI chatbot, which helps automate a lot of processes in the development cycle.

GitLab stock price

Your capital is at risk.

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4. CrowdStrike (CRWD)

CrowdStrike is a company focusing on endpoint security. The company enjoys solid profits, and a lot of its success can be chalked up to its multi-modular Falcon platform, which has become a significant cybersecurity beneficiary. By providing a unified and highly scalable AI platform, CrowdStrike has solidified its position in the cybersecurity landscape that keeps embracing generative AI technologies.

CrowdStrike stock price

Your capital is at risk.

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Step 4: Place an order

When you figure out what company you wish to invest in, you can place an order and add shares to your portfolio. To do that, you can:

• Log into your brokerage account; 
• Search for the stock you wish to buy; 
• Specify the order type: Market order (buying shares at their current price) and limit orders (setting a price for future purchases); 
• Enter the number of shares or specify the dollar amount you wish to invest;
• Review your order; 
• Confirm and execute the order.

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Pros and cons of AI stocks

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

FAQs about Grammarly stock

Has there been a Grammarly stock IPO?

There has not been a Grammarly stock IPO as of the time of writing (December 2023).

What is Grammarly’s stock name?

Grammarly does not have a stock name as it is not a publicly traded company.

What is Grammarly’s stock symbol?

Grammarly does not yet have a stock ticker.

What is Grammarly’s stock price?

Grammarly is not a publicly traded company, so its stock is not available for purchase.

Can you buy Grammarly stock?

You cannot buy Grammarly stock yet as it has not gone public.