FT share price - IG agrees to acquire Freetrade 2025

I absolutely despise 212 personally but would like to know of the alternatives.

With the amount of people moving companies, I honestly hope they don’t turn off the transfer button, there will be uproar. It actually wouldn’t surprise me as they did it during the GME saga.

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Oof, how long before this topic gets shut down? :laughing:

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There’s always reddit - https://www.reddit.com/r/FreetradeApp/

Well that is a shame. Bizarre to take this deal now at such a poor valuation when all the metrics seem to be rapidly moving in the right direction and there was enough cash in the bank to keep on moving forwards.
Assume that the VC’s who put in money in 2022 have decided to force a sale and take money off the table.
As others have said, leaves a very sour taste and I’m minded to move to another platform also.

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Well, I bought shares. I got ripped off.

I still lost several hundred quid with FT.

I kept my main ISA and funds etc in HL. Glad I did not change it to FT.

FT: You ought to be ashamed, but I doubt you do.

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Agree with the sentiment here.

Does anyone know if we’ll be able to claim loss relief on EIS shares? I’m trying to be pragmatic…

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Have to say @Viktor, I know you won’t bother to read this but this is a disappointing outcome for those investors who have supported you every single year. More fool us.

Some of us are lucky to be in profit, but selling out to IG at 160mln is a huge let down.

Let’s see how crowdcube screw us over now.

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I think eis raises were at sub £1 val?

There may have been eis on the 2.51 raise? Can’t recall

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This is a disgrace.

This has completely screwed Crowd funders and shown that they are treated as second class investors.

I cannot understand how their last valuations were telling us they were at £650 million valuation and over £9 a share, to sell for this low.

Everyone always talks about a ā€œgolden situationā€ as a crowd funding investor - having your company bought out. This sends a message more broadly that you should avoid crowd funding if even during a golden situation you will be screwed.

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When is the date that FT brought in yearly subscriptions? Up for auto renewal soon? Be a shame if we cancelled and moved elsewhere before the sale of FT, therefore sending a clear message to IG that FT may not be worth dealing with?

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75% of startups that raise more than $1m don’t return cash to investors. More than 90% of all startups don’t.

That investors are getting anything is pretty relatively impressive - and while the valuation is much lower than the valuations Freetrade attracted when the market was purely valuing growth and the top line (before interest rates rose and the market flipped to valuing profit first) with insanely high multiples, it’s a good outcome on a profit multiple basis.

If you went into seed/early stage investing without your eyes open to those statistics, and the fact startup die and most crowd funding investments return Ā£0, that’s not the Freetrade’s team fault.

They took a big risk, executed well in the context of the market at the time, and have managed to not die.

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On the £2.51 raise in 2020 there was EIS, so that should be claimable.
I also took part in the 2021 raise at £9.25 per share (no EIS). Got absolutely shafted there.
Learning some hard lessons from Crowdfunding!

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I’m not interested in platitudes about how you should know that investing is risky.

Freetrade are dead to me now.

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We are all royaly screwed, is there anything Crowdcube can do? They intervened in ā€œrightangled.comā€ fiasco

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You can always leave honest reviews about business here on Trustpilot: Freetrade Reviews | Read Customer Service Reviews of freetrade.io

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Is it not too late for that?

Yes, but of the ones who are bought out - like this - who then returns cash to investors?

Its one thing to go bankrupt. It’s another to cash out 4x lower than your crowd funding rounds.

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Whilst you have a point on startup investing, ā€œthe markets turnedā€ doesn’t hold since they’ve turned back, look at Robinhood, Coinbase etc
Also, joined 1 hour ago

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I have contacted crowdcude, requested them to intervene. Request all investors to contact crowdcube please.

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Have you checked your junk mail folder?