The only thing getting me through September was the thought of a raise.
The only thing getting me through October-December was discussing and salivating over the new share price.
Now ā¦
The only thing getting me through September was the thought of a raise.
The only thing getting me through October-December was discussing and salivating over the new share price.
Now ā¦
Was the announcement one of those post 2mins before departing office on a Friday to let the weekend calm down the reactions In all seriousness though it is better to be done at the right time for FT than a wanted date from the forums.
Fair play to @Freetrade_Team for letting us know. I can imagine the forum if there was continued speculation all of September and then no communication at the end of the month
Ha
Waiting a tad longer so they can tput the 1M user figure in the deck
Why would you hope for that? It would just mean more dilution before it is actually necessary. I wouldnāt think they need the funds just yet. Iām honestly happy for them to forego this yearās fundraise if they have the runway to wait, but I think itās a case of them wanting to involve the crowd every year, as they have done since inception.
Great to hear, thatās all we needed, thanks Sam!
The biggest risk to your expected payout with your freetrade shares isnāt diminished returns from fractional dilution, it is speed to market & scale. Bring on the big chequesā¦
Also worth noting how fractional the respective dilution starts to become with a Ā£1bn+ Val.
Yep sometimes you need the big funding to keep pace and it could/may be needed as it is a competitive market and only going to get more so.
If you google, you can immediately see that Bitpanda started before freetradeā¦
Yep, which is why I donāt see why you incorrectly stated the opposite l. I assume you wanted to support your narrative that pitpanda is ahead of freetrade. But there is no need to state incorrect information for that.
Bit Panda is open to many many more markets and if FT launch in Europe within the year then they will get astronomical numbers sign up. Comparing them is actually a bit pointless in the meantime as a comparison. Looking at the site I prefer FTs model and pretty sure that when they are in the same markets the numbers will be higher than them.
I have only browsed TBH but they donāt seem to offer the big reliable earning like SIPP and ISA etc so simply having X sign ups doesnāt mean the business is great long term. Does look an interesting app though
Thatās odd @onehundredpercent has disappeared.
Agreed, comparing sign ups is silly, active funded users could easily be an order of magnitude lower.
Thatās also why I hope FT give us a more meaningful number (# ISAs, # SIPP, # FT+, Ā£AUA or revenues) for the next funding round, raw account numbers are pretty meaningless - especially if lots of people just use them as a scratch card for a free share.
This is particularly huge on FT sign ups as many will have done only that. I do however think the overall offerings as you mentioned are very good for long term success. I do think some platforms that donāt offer SIPP, ISA etc will fail when people get back to spending anything they have rather than investing long term.
Definitely. Would imagine that all the hype around another public raise is great for marketing/exposure too
Might be wrong but it looks like you arnt actually buying shares either with bit panda, only derivatives
They also mentioned it would be a joint raise with half being crowdfunded in EU and half UK if I remember correctly, so I wonder if itās more to do with EU rollout going slower than maybe hoped
This was my reasoningā¦
Crowd funding confirmed for October 28th?