Yes, I think exactly how it is now. A list of (private) stocks are available and rather than the ‘US/UK’ filter we have an ‘SEIS/EIS’ filter which can then be a subset of the UK listings.
From my experience a lot of the admin is actually on the company’s end, they know if they’re eligible and to what level, they can apply to Freetrade, and when their SEIS/EIS limit is filled, they are removed from the listing.
I think it would benefit both the investors of Freetrade as we could diversify our profolios across public and private assets, and aspiring businesses who don’t want to pay the high fees for the usual crowd funding platforms.
Really like this idea - they could start with their own shares if they do another round in 2020!
There has been some previous discussion of similar ideas including a secondary market for unlisted shares, which included a great in-depth post from Calum (not sure if he is still with freetrade, but the points should still apply). It does sound sadly like it would be a lot of work/risk, so perhaps something for the long term, and maybe the initial crowdfunding would be doable
I too would love to see this - unfortunately it sounds like it is even more work than offering crowdfunding - basically setting up an exchange. It’s telling that the crowdfunders have not tried to expand into this obvious income stream.
I wonder if compared to a secondary market, helping companies with crowdfunding and managing shareholdings would be doable though. Existing crowdfunding companies are not very impressive.