the way I see it, and I may be very wrong, the price per share for a 10 - 1000 shares position is not the same price per share for a 2% position, nor is the same price per share for a 10% position, nor is the same price for a 20% position…
I believe, like others, the next crowdfunding round will happen jointly with a VC round, after the effective beginning of expansion to continental Europe but before its completion. VCs usually want skin in the game. I don’t think any of them would be interested in place a couple of million in a Round C. In my eyes that has to drive the price up…
I believe a £2B valuation would be a massive discount by the time the funding round takes place given the number of registered users, the growth in terms of clients’ assets under custody, the valuations of competitors, the presence in continental Europe, the WIP to open Canada, Japan and Australia, and a remarkable success story of delivery.
I am convinced we are way passed £2B. The price per share will reflect all of the above I think. Not only the track record but also the future prospects