Its not fallen to £2 since the big rise a few weeks ago. The dilution may lead to a price fall but not necessarily, the market may like it because I think they have said they will use it to invest in other areas within crypto technology.
I’m gonna go for it I think just to be sure of getting in at this price.
How do you take up this offer? Don’t see any link in their web site?
I’ve decided to go for it as I’ve been looking at this one for a while and this seems like a good entry point. Biggest risk I see is the price of bitcoin crashing though, not sure how much that would affect the share price.
I have been creating and deleting various limit buys on ARB over the past few weeks, trying to time a re-entry but its too hard. So the primary bid helps scratch that itch for the moment, but still leaving some dry powder for any other weakness prior to the Nasdaq*. (*if this happens).
Bitcoin cleared a declining wedge recently and is heading back up in the short-term it would seem…
Which app? FT?
Primary Bid - PrimaryBid.com | Connects Investors with Public Companies
Enables retail investors to grab shares in company placings that would normally be only available to institutions. The shares cannot be transferred to an ISA and FT does not allow Primary Bid transfers FYI. Also they tend to have very short offering periods - ARB was just 1 hour (?!) which has now closed.
It was on the Primary Bid app. Although as of 5 minutes ago that says that the offer is now closed. 
With the news of the new shares what would we expect the shares to dip towards?
Quick maths… whilst drunk
£900m market cap (ish) @250p
£27m new capital @ 200p
Falls to 247p ish … BEFORE normal supply demand kicks in
So not that much dilution due to the small raise
In 1hr!!!
RNS @ 17:00. Closed 18:15
Ha ha ha
PrimaryBid stealing the ‘we’re on the side of the retail client’ narrative.
Crazy times
Well thats annoying
Current BTC rise should offset a lot of that
But the idea that the company was ‘happy’ today at 200p could cause a slide
SETSqx stocks are wild anyway due to the auction oddities. So could go either way.
So 236p (very approx)
Ah. Close enough.
You’ve got a chunky spread anyway. So shall we convert to 230-240
For now… it won’t open like that…
so you’re basically getting 50p free for every 2£ you spend, assuming it opens at 2.50£ tmr and u sell it all…
money printer go brrr 
If it were that simple I would have poured every £ I own into it. You don’t get the shares straight away, I’ve heard Friday. The price could see further drops before then too. I see it as a risky investment so I didn’t put in too much.
where do u keep the shares ? @Xenor
I created a Hargreaves Lansdown account for use with Primary Bid. There are other brokers but I’m not too familiar with what else is out there. As you probably know you can’t transfer them to Freetrade so need to use something like HL.
I use HL … old school, but works well with PB
(Still not a fan of PB, but , ya’know, whatevs)
Yes i know, I have HL too, problem is you’ll have to pay 12£ when you want to sell them…
Versus not being about to get them via FT or T212. Your choice
