fair 'nough!
I was only really thinking that a CV of $4.5b/5m customers = CV $900 per customer
So what do we think the share price will be a year from now, (sips Aldi value tea) and awaits…
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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.
I think they will do a Series C in Q3/Q4 at £1bn (with a share price of £14-£15)
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To be fair, a 28x return is still “not bad” 
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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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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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From
To
Seems like X28 to me unless my math is terrible 
£28,089.96 max value for Round 1 investors - not bad I suppose for a £1,000 investment
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)
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Exactly. Without raising lots of capital they would have gone out of business and investors would be left with £0.
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Oh dear, need to adjust my spreadsheet! Is it really only £14 per share now?
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.
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Quite simply a mistake as it says Cato Sælid invested 8.2 million which is exactly the same as the amount from the crowdfunding.
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.
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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
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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.
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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.
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growth better than profitability in my opinion (at this stage)