Thatās great, thanks for the info.
Thats excellent thanks all!
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Wow that would make my R1 shares a significant price ! 
Trade Republic is a licenced bank in Germany which could well have some hearing on the valuation despite having āonlyā 150k customers.
Itās a Wertpapierhandelsbank, which is the UK equivalent of a Broker. They canāt give out credit, so they arenāt a bank like N26. In fact, they rely on Solaris Bank for many banking operations. They look very competent, have built their own brokerage system and are probably the closest challenger FT has in EU. Good proxy for the valuation of the next roundā¦
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What was it on the previous rounds?
The previous 5 Freetrade investment rounds (rounded to 2 decimal points) were as follows
| Round | Price (2dp) |
|---|---|
| 1 | Ā£0.08 |
| 2 | Ā£0.15 |
| 3 | Ā£0.52 |
| 4 | Ā£0.84 |
| 5 | Ā£0.96 |
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What would people guess at a date be
Not sure if anything was given away in the AMA
Iām thinking within 4 weeks
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Latest round Jun-2019:
- Post-Ā£ = 0.956004 per share * 51,747,373 shares = Ā£49,470,696
As per āstatement of capital following an allotment of shares on 13 March 2020ā at companieshouse. Although c.55m total shares were mentioned at AMA post Draper Esprit news. - Post-Ā£ per user = Ā£49,470,696 / 25,000 users = 1,979
New round May-2020:
- Assume a Ā£15m raise incl. crowdfunding and a follow-on from Draper (could be way more given most recent Trade Republic $67m raise)
- Assume 147,500 users by the time of raise
- Assume post-Ā£ per user in the range of 850 (concervatively) to 1,979 as per Jun-2019 round
- Post-Ā£ range = 850147,500 to 1,979147,500 = 125,375,000 to 291,877,104
- Pre-Ā£ range = post-Ā£ range - Ā£15m = 110,375,000 to 276,877,104
- Value uplift range for Jun-2019 investors = 110,375,000/49,470,696 to 276,877,104/49,470,696 = 2.2x to 5.6x (pre-EIS)
This is a quick and dirty calculation and does not account for the future user growth trajectory, nor it does for future realistic revenue and profit potential. For reference, Revolutās latest round was at c.Ā£423 per user, which would only return a 1x multiple for Jun-2019 round investors (pre-EIS).
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I assume they are announcing it in the AMA on Tuesday
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Existing shareholders check your emails, lots of information from Freetrade via Capdesk regarding how much is going to be raised and the share price (canāt be shared publicly yet).
Plan for the week ahead (from the email)
Hereās the plan for this coming week:
Tuesday - Ask Me Anything (āAMAā) with our founder and CEO on Zoom at 8pm.
Wednesday - Pitch materials circulated to existing investors
Thursday - Crowdcube pitch goes live, first to existing investors in private mode at 9am.
Friday - AMA with Perry, our new NED, on Zoom at 8pm.
The following week weāll be announcing more opportunities to engage with our senior team, including an AMA with Simon, the Chief Investment Officer at our largest investor, Draper Esprit.
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9AM.
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This was in my junk email for anyone who canāt find it.
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Says 9pm in the emailā¦
9 AM indeed!
Sorry about the typo. 
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This week is going to be dominated by everything Freetradeā¦I CANT WAIT so excited!!
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I havenāt received the email yet
1 - thatās a completely incorrect interpretation of the GDPR unless you have failed to be compliant in the past (in which case Iād love to hear from freetrade and/or capdesk).
2 - that is a completely infuriating email given that I have to scroll for 1000+ lines to get the bottom.
Freetrade, please can you have a word with capdesk? Iām particularly concerned about number 1 and the belief that positive consent is required. If capdesk are the GDPR compliant party and you are not then we have a greater issue at hand.
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Agreed on GDPR. My email also looked like this and I had to scroll all the way through to click view whole message. I think that is why it went to my spam.