Important update: Stake UK will be closing down.
Read more here
When you invest, your capital is at risk.

Share

Afterpay/Block Merger Update

It's official: Afterpay is being acquired by Block after funding from the Bank of Spain was approved. Find out what this means for your Afterpay shares here.

What is Block (SQ2)?

Following the acquisition of Afterpay, Block is listing on Australian markets.

Block, formerly known as Square, is a San Francisco-based company founded in 2009 providing a digital payments solution to merchants across 130 countries across the globe. Founded by Twitter Co-Founder, Jack Dorsey, Block has grown to a Market Cap of USD$68b in just over a decade of operation.

Buying on Stake

Block will begin trading on the Australian Securities Exchange (ASX) following approval from the Bank of Spain to acquire Afterpay. Afterpay announced that $APT shares will be suspended from the ASX in place of Block shares, which will be listed on the ASX on January 20.

What will happen to my Afterpay shares?

Afterpay shares will be suspended from trading on the ASX on January 19. All holders of Afterpay shares will receive Block shares in the trading session of February 1.

Not a Stake user yet?

Sign up at trading.hellostake.com and trade 8,000+ US & ASX shares and ETFs.

With Stake, you can be in the US and ASX market in under 5 minutes.


You can apply for an account in your own name (Individual Account) or in the name of a Company or SMSF.


Want more?

You know what to do

Insights, trends and company deep dives delivered straight to your inbox.


Stake logo


Stake is the trading name of Hellostake Limited, a company registered in England and Wales (Company no. 11676409). Hellostake Limited is authorised and regulated by the UK Financial Conduct Authority under the Firm Reference Number 830771. Registered address: 85 Great Portland Street, London, W1W 7LT, United Kingdom.

When you invest, your capital is at risk.

The value of your investments can go down as well as up and you may receive back less than your original investment. Any advice is of a general nature only. As investments carry risk, before making any investment decision, please consider if it’s right for you and seek appropriate independent taxation and legal advice. The information on our website or our mobile application is not intended to be an inducement, offer or solicitation to anyone in any jurisdiction in which Stake is not regulated or able to market its services.

At Stake, we’re focused on giving you a better investing experience but we don’t take into account your personal objectives, circumstances or financial needs. Please view our Terms & Conditions, Privacy Policy and Disclaimers before deciding to use or invest on Stake. By using the Stake website or service in any way, you agree to our Privacy Policy and Terms & Conditions. All financial products involve risk and you should ensure you understand the risks involved as certain financial products may not be suitable to everyone. Past performance of any product described on this website is not a reliable indication of future performance

Copyright © 2024 Stake. All rights reserved.