Fully agree. As you mentioned before, I am interested to see what the next Crowdfunding raise in April/May will be priced at (which will factor in the last few months)
Sorry folks, weād be bust without VCās. We are loss making and trying to expand. We need them far more than they need us. It is cap in hand and in these economic times very much like a mortgage application. You show 'em what youāve got and they decide how much you get. You pick which one you like (ideally the one who values you most!).
Top Tier VC (Accel, Balderton Index. ā¦) can demand a discount in the valuation but with all due respect Left Lane is not in that category so FT should maximise its power in the negotiation
I also find a little bit strange the company announce the round but do not communicate to its shareholders (that they invested Ā£20m so far in the company) the share priceā¦
Donāt be too sure. Iām on the buy side, and I can tell you the need to deploy capital into investable, sustainable businesses is real, even in a choppy (haha!) economic environment. The fact this round was oversubscribed, notwithstanding the ownership threshold question, supports this.
Itās going to be in the CC email this week. Yes it would be nice to know now but itās not going to change anything waiting 3 days maxā¦
They have said CC are going to email about selling your shares. So the price should be out on a few days anyway
Donāt think they are hiding anything or anything is āstrangeā
Itās still confidential so only Draper and Class A shareholders know the details (those who have to sign off an updated Shareholders Resolution).
You wonāt have long to wait, Freetrade will want the secondary offering completed ASAP
you are right that we will know the price soon⦠but usually when a company complete a new round inform/email the shareholders with the details ā¦before they make the press announcementā¦
I suppose that a lot of shareholders of FT are not users of the community so maybe they are not aware of the new event
But maybe in the era of social media, a Twitter account is a Must!
When I saw the news I did wonder whether Sky had been tipped off by a shareholder
The L Catterton connection was alluded to a few days ago so I expect the bucket has a small leak somewhere, always a risk when itās a noteworthy deal.
Yep - especially when you have so many Class A shareholders from R1 & 2.
Still, no harm done I suppose!
Just a reminder that Iād like the share price to be Ā£2000 so that I can stop working and take up goat herding as a hobby. Oh and also cover the fees that AJ Bell charge me on my LISA.
It looks like thereās a long way to go so if everyone could pull their fingers out, refer their friends, spread the good word, etc, thanks
Just an 800x increase?! Sell your Freetrade shares and buy GME, itās on its way to Ā£25k
Also in the āshare price to 2kā camp
Apes strong.
Cows stronger. DIAMOND HOOVES.
Loving the diamond hooves . Congratulations on the great news team. Unfortunately for the VCās will not be selling for many decades to come.
Official announcement by Freetrade.
Not too much new information, except that Draper Esprit also joined.
Official company announcement on the blog. Only new thing is probably
The oversubscribed round is expected to be worth in excess of Ā£50m ($69m USD), as weāre also making a secondary opportunity available to all existing shareholders.
Supercharge expansion into Europe here we come!!!
Wish preemption rights (which were used as an incentive to invest a higher amount in the early rounds) were not actually useless and the early crowd investors could have the level playing field with the funds and invest in this round together.
L Catterton is