Compass Pathways (CMPS) - Share Chat

Stock Discussions
1

https://www.bloomberg.com/news/articles/2020-09-18/-magic-mushroom-company-moves-toward-mainstream-in-nasdaq-ipo

UK based PLC developing psilocybin as a treatment for different types of clinical depression.

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Anyway we can get this on? Realise we’ve missed the initial listing but I am still keen!

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Would also love this on Freetrade!

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Please get this on Freetrade! This company has so much potential being the first of its kind!

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Can we get this added on ASAP please?

Thanks in advance.

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7

Bump

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https://www.cnbc.com/2020/11/23/peter-thiel-backs-psychedelics-startup-atai.html

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Please get this on! Or if you’re not going to at least let us know ! haha

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12

Bump for this one. Its been on Nasdaq for ~3 months now and $2bn market cap

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15

definitely interested. Companies dealing in psilocybin:
$ENBI
$CYBN
$MMED
$FTRP
$HAVN
$NUMI $MCUR $NOVA $PSYC $PHRM $TRIP $MYCO $RBB $COOL $PULL $LOBE $DELC $NUMI

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Lots of interesting names - would love to have MMED added to Freetrade

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Hi, is it possible to buy Compass Pathways plc (ADR) (CMPS) be bought within a Stocks and Shares ISA?
Thanks

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Yes it is

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Thanks for the quick response. The reason I ask is every other S&S ISA provider I’ve looked at says it cannot. So it seems strange you can through Freetrade. I just want to be sure before I transfer my ISA across to Freetrade!

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Lots of ADR shares are not ISA eligible, but this one I think seems to be. CMPS is a UK company but listed in the US (hence ADR) so i don’t think it breaks the ISA rules.

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Thanks Finki much appreciated that’s interesting. Makes sense as every other stocks and shares ISA provider that I’ve tried showed it wasn’t possible to buy CMPS within one.

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That’s my understanding. I was thinking about it a bit more. If I’m not misunderstanding it’s an unlisted plc listed in the US but because it’s a foreign company has to list as an adr, no publicly listed parent means no ISA eligibility despite the fact that it’s a UK company?

That feels like a bit of an oversight (by the government criteria) if that’s the case

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Correct. But the location (UK) is irrelevant in isolation. The parent has to be Listed and the Parental Listing has to meet HMRC ISA Criteria. This doesn’t.

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25

Excellent (or not in this case :smile:) thanks for clarifying

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Anyone know any reason for the jump yesterday?