Crowdcube just announced its launch of Cubex, a secondary market. It seems like it was also used as part of Freetrade‘s series B.
That is interesting! Thanks for the link!
pretty good but it has’nt started https://youtu.be/qWbOAKC2dt8
Exciting! There are some companies that I’ve invested in via Crowdcube that I’d like the opportunity to exit, and there are some businesses that have raised on Crowdcube that I missed out on, so i’m looking forward to taking part in this as both a buyer and a seller.
Great value added. Priceless
Powered by Cubex, 1,063 shareholders in Freetrade sold £5.8m of shares in 2021. The secondary share sale saw early investors celebrate a 47x (4,670%) return on their investment, with six shareholders becoming millionaires as the company valuation skyrocketed to £265m.
Any millionaires in here?
It looks much more like EquityZen or ForgeGlobal than a carbon copy of the Seedrs Secondary Market. Would be great if they rolled out both.
Seems that they intend to collect interest and then run dedicated, hyped/marketed campaigns to sell the shares. Likely easier to pull off with max. payoff in terms of fees for CC.