Freetrade share price 📈

Crowdfunding Freetrade 🙏
831

Monzo also did not register for EIS in the first round due to laziness / rushing to get the round through (stated reason was that Banking is an exclusion to the EIS rules, but they were not even a bank at the time so it possibly could have happened if they actually tried… also Revolut raised with EIS coverage only months after, if i recall), which takes another huge chunk off the overall returns for early Monzo investors.

Can’t grumble at a mere 2800% (paper) return though, I suppose :man_shrugging: Well, we are grumbling about it to be fair :angry: (mutters while sipping paper champagne)

Sorry, back to the topic (blame @Raferoo for sending this miles off course)… Freetrade must be worth about £9.25 by now :partying_face:

3 Likes
832

fair 'nough!

I was only really thinking that a CV of $4.5b/5m customers = CV $900 per customer

833

So what do we think the share price will be a year from now, (sips Aldi value tea) and awaits…

5 Likes
834

Once they became a bank they’d have lost EIS eligibility for their investors anyway. So smart move not to apply for it in the first place.

835

I think they will do a Series C in Q3/Q4 at £1bn (with a share price of £14-£15)

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836

To be fair, a 28x return is still “not bad” :wink:

1 Like
837

Yep it certainly isn’t bad at all and I wonder would they have grown to such success without the dilution of shares to enable it? A fact many often ignore when complaining about dilution.

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838

I believe Monzo once did a down round where they raised at a lower valuation than the previous one, That would amplify the effects of dilution as they’d need to give away more equity for the amount raised

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841

From

To

842

Seems like X28 to me unless my math is terrible :rofl:

843

£28,089.96 max value for Round 1 investors - not bad I suppose for a £1,000 investment :wink:

So if you were able to invest max in each round you would see your shares valued at:

Round 1: £28,089
Round 2: £14,340
Round 3: £6,255
Round 4: £3,732

Total: £52,418 from an investment of approx. £5,000

(this does not include those who may have been able to buy extra outside the official rounds)

9 Likes
844

Exactly. Without raising lots of capital they would have gone out of business and investors would be left with £0.

3 Likes
845

Oh dear, need to adjust my spreadsheet! Is it really only £14 per share now?

846

Just noticed on Crowdcube that Freetrade’s last raise was a B series Dec-05-2022 FOR £8 Million just days after the Crowdcube raise at a pre money valuation of £76Million! These same figures are shown on crunchbase, which shows that this was a single investor Cato Sælid, a Monaco serial angel investor who invested £8m in Freetrade at £76m pre money valuation.

https://www.crunchbase.com/funding_round/freetrade-limited-series-b--1a4b9927

I was just wondering if anyone could explain this, as I’m sure there must be some reason for this strange figure.

1 Like
847

Quite simply a mistake as it says Cato Sælid invested 8.2 million which is exactly the same as the amount from the crowdfunding.

848

it does make the valuation graph on Crowdcube look very weird

image
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1 Like
849

Hi @LeeB

Don’t forget to search before starting a new thread. There is already a long running thread here which many people will have bookmarked to keep up to date and provides one place for the discussion going forward.

2 Likes
850

Almost 6 months since the latest Crowdcube Round for Freetrade. What do you think is the current share price of Freetrade?

  • over £11
  • Between £9.25 to £11
  • between £8 and £9.25
  • Less than £8

0 voters

852

Valuations of 45x projected future revenues are a thing of 2021, there will need to be a fast move to profitability to generate any substantial share price growth imo.

16 Likes
853

Or if not profitability, a successful roll out across Europe would do it. I don’t think we’ve seen enough progress for a large increase since the last raise.

18 Likes