Good find! Thanks for sharing
Just seen on youtube Freetrade Co-founder released an interview yesterday
We’re at 800k users
801,921 users as of 3 days ago, not to be to precise or anything!
Can you post the link to the interview?
Nothing new from the last AMA really, exciting times ahead.
The vlogger suggests the next crowdfunding round in September will be about the same value ($69m) as the Series B, but I believe Adam suggested it would be £ or € 15m.
CF round will be limited to €16m (€8m from UK and €8m EU) unless they do a prospectus.
As a plus user I would definitely opt in for securities lending with a share of the fee
Do you mean same valuation…?
He means the amount they will raise, valuation should will be much higher, even close to a status maybe.
For me: it would depend on the stock. In my opinion there should be an option/toggle aligned to each share holding to indicate if you are happy to lend out that particular share or not.
I’d decide on the share lending scheme based on the % of profit shared with me
EDIT: hopefully we’ll get news on this share lending scheme soon! (Im pumped)
No, not the same valuation. Valuation will be much high than the series B I would think. I was talking about the amount of funds they will be looking raise from the round.
Again, I was talking about the amount of funds they will be looking to raise from the round. The share price is based on the valuation, which should be a lot higher.
More detail and discussion here:
Purely a guess, but I am going to say next round valuation would be circa £750m with a share price around £10-11.
With dilution, hopefully £6.50 - £8.00. I don’t want to see Freetrade go for a ridiculous valuation in this crowdfund.
With 600,000 users in the U.K. they raised at a $366 million valuation. They might have 1,000,000 by the time the crowdfund comes around, so £600m - £750m seems reasonable.
They had 600k user when they announced it but price was based on user numbers back in nov/Dec when the user numbers was much lower. They needed the extra time to finalise the deal only
Socks
What ballpark figure do you think the raise will be at?
Correct. I believe the Series B discussions were initiated and based on user numbers around 285k
See the link in my post 7 lines up which outlines the different raises, user numbers at pitch date and user numbers once the round was finalised.