JD sounds cool and given some insights into the road ahead and the approach. Like the framing in there around āhigh growth companyā and the 1.6M registered users in the UK which I donāt know if we were aware of until now.
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They have a large amount of vacancies at the moment which is very very exciting. Nothing for cows though 
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Quite a few of these are based in Budapest. Whatās the plan here? I thought Freetrade were concentrating solely on the UK after the Swedish failure.
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Cheaper labour.
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Oooof, rock bottom salaries for London Android engineers and not even remote. That was a junior salary 10 years ago. Good luck living within 2 hours of the office on Ā£2,500 a month - pension - student loans.
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Viktor is from Hungary. Are you thinking what Iām thinking? Why on Godās earth did Freetrade not start European roll out in Hungary? @Viktor @adam
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They want to avoid the 
HOOVES OF DOOM
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Similar here. Tax Generalist - London | Freetrade Careers So you are a āgeneralistā (ok, so you specialise in nothing? So youāre a jack of all trades?) Yet you are on the hook for ISA , FATCA and God knows what-else compliance relatedā¦ ie, making sure Freetrade doesnāt get a multi million pound fine or bad PR and youāll get Ā£49k for the privilege?
I mean, I saw Bloomberg haul AJBell and Fidelity over the coals for ISA breaches last week.
Who wants to be in the line of fire from Bloomberg for Ā£35k ? Anyoneā¦ anyoneā¦ Buellerā¦Buellerā¦ (yes, I just aged myself!)
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To be fair, the Tax Generalist role uses the word āassistingā time and time again as well as working with compliance and legal.
Correct, phrases such as āhelpā and assist are littered throughout the job role.
It also states that you need 1-2 years of experience in tax and a ābasicā knowledge of UK and US tax laws. This sounds like a very junior position to me, not quite in the line of fire.
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They launched an office in Hungary quite a while ago, if I remember it correctly there was an opportunity to outsource work there with a connect Viktor had from a high quality manager who joined.
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Not news but an interesting takeā¦
https://x.com/ownsomeshares/status/1877349524802359600
1/2 @traderepublic is currently sat on āthe bulkā of the $1.3bn raised during the past decade.
ā Gordon Gekko (@ownsomeshares) January 9, 2025
Could @freetrade be an acquisition target to gain a foothold in the UK market? š¤
Circa 1m users, Ā£2.5bn AUA and a (probable) sub Ā£500m price tag.https://t.co/GDM5vQGp3l
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Under Ā£500m would not be great for most investors when you consider that there are preferential shares plus when you remember that this journey started 2016. In another year Freetrade (the company) turns 10.
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Trade Republic has Ā£100 billions of assets u set management and 8 millions customers.
Really impressive numbers
Iād disagree with that.
As a rough guide the share price would be the following at various valuations (this takes in to account the preference stack):
100m Ā£0.24
150m Ā£1.25
200m Ā£2.27
300m Ā£4.05
400m Ā£5.40
500m Ā£6.75
Most of the shares have been issued for under Ā£2.50 to crowdfunding investors - and many paid less than Ā£1.
If someone bought my shares for Ā£6.75 now Iād be delighted. Even a Ā£300m offer Iād vote in favour of at this point.
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Series B investors need to get back their money first. They bought at Ā£3.77 per share, meaning that if the company is sold for less than Ā£330m, crowdfunding investors will receive just a % of the share price.
See my above post. It factors in the preference stack. Under Ā£90m and normal shareholders will get nothing. Above that then itās the numbers Iāve posted. Give or take.
There is about Ā£75m of pref shares and Ā£13m of bridge loans.
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Ā£500M sale would be fantastic for most shareholders.
If you only bought the Ā£9.25 round and didnāt average down in later rounds thatās on you at this point 
I did buy in an earlier round too but that round was where I went big with the Ā£10k so that I could get the anti climactic Freetrade NFT perk.
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I thought it was more than thatā¦ in that case it wonāt be bad. Thereās also the fully diluted shares and āG ordinary sharesā which will be awarded depending on Freetrade exit meeting various hurdles.