How many users now?

Good find! Thanks for sharing :sunglasses:

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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!

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Can you post the link to the interview?

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Hi Tom,
The video is on a channel I am subscribed for news on Freetrade…

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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.

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As a plus user I would definitely opt in for securities lending with a share of the fee :ok_hand:t3:

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Do you mean same valuation…? :flushed:

He means the amount they will raise, valuation should will be much higher, even close to a :unicorn: status maybe.

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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)

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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.

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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

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Socks

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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.

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