I could be mistaken here, but the words āimplied valuationā suggest another CLN which wouldnāt be a converting event.
I donāt think itās particularly shady in the current economic environment as the longstop date will kick in regardless, and the conversion price should be higher than the last CLN round if the company has made progress.
Morning everyone
This round will be a priced round to buy equity in Freetrade, not a CLN.
Weāve got a bit of a new plan for how weāre going to talk through the pitch in the coming days before the round goes live so watch out for more information.
Weāll share details of the share price and valuation (as well as any impact on the CLN) closer to when the round launches.
Best
Alex
Yes but that was the 2022 figures and we can see 2023 is already moving in the right direction.
Burn will still need to be reduced in the coming months, but there is a realistic path to profitability now which is exciting.
Ā£3.77 per share
ditto. and thats why iād be investing in this round at suppressed valuation. happy to invest and watch it grow over the years.
Just got a notification of a share price poll running on Twitter;
i think so
bit unhappy about the Ā£9 round
any more free trading competion apps come aroundā¦hope not
I purchased mine at the Ā£9.25 price so will have to wait until they float on the stock market and hope for the best
Iāll bite. i started working on makeshift revised update here on FT Valuation guesstimate
Feel free to review, comment and recommend any fixes.
Original sheet created by @immenseSoggyAnaconda 
whats the latest user counts?
anyone has updates for How many users now? - #4146 by MJRInvests ?
Extremely punchy multiples in there, Iād guess at ~Ā£3 at the moment
As an old timer on the forum excited to see an updated roadmap in the coming weeks.
Think that right now is one of the best times to invest in FT from the risk/return point of view.
The executive team has been through a few ups and downs already showing resilience. The comms from the team feel much more mature than before and we can finally see the big requests from the community like autopilot finally taking shape.
Definitely joining the round.
Nice - didnāt know that they are working on mutual funds - does that mean private funds not available on normal exchanges?
Hi Freetrade team!
Iāve invested quite a few times and may consider further investment.
My question is around eventual exit Strategy. Could you expand as best you can on this. Timescales and route please ?
Invested in round 1 and 2 and I will DEFINITELY invest in the new round.
Number are encouraging and weāll very soon have a positive EBITDA.
Pessimist can write on Lightyear community or contact me to sell their shares, I will gladly buy them!!
FORZA FREETRADE
Luca
I invested in R3,R4,R6 and might return for a nibble this round. From some quick research it seems that fintech VC funding isnāt abundant at the moment but hopefully FT can get some institutional interest at the new valuation anyway. At least the lack of funding should pull the ladder up on all the low effort Freetrade clones that started popping up the last few years.
I canāt see it above Ā£3 folks. Happy to be proven wrong. Weāre in a completely different world now.
Not sure if the company have burst through all their EIS yet.
According to the poll I linked to above 75% of people who voted think it will be over Ā£3ā¦so we shall see.
The most popular range at the moment is Ā£3-Ā£4.50ā¦but even then 40% of people think it will be over Ā£4.50.
Seems appropriate