Series B announcement MEGATHREAD

Freetrade Chat đŸ”„
127

He isn’t saying it’s 100% accurate though, so I don’t see the problem with it. Especially as the other metrics you listed aren’t available.

Suggest an alternative method if you have one!

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128

In today’s The Times

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129

Almost spot on

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Does anyone know if EIS will be available in the next crowdfund or has it all been used up?

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134

I hate to say I told you so


I was discussing this with friends back in December who are also on this forum and I said it would be between 3.50 and 4.00. It was smack bang in between.

I think FT should promote me to chief negotiator

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135

So where do we think pricing is heading later this year ? ÂŁ5.00 ??

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136

The share price has surpassed ÂŁ5 already as the ÂŁ3.77 share price was calculated when Freetrade had roughly 400,000 customers(this is just my opinion and I am not an expert)

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137

Not quite the EIS 3 year lockout period yet for R3 investors like myself. Might be a while before the next opportunity to sell.

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IPO in 3-4 years

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139

Probably exhausted the EIS allowance, incredible in itself given they gained Knowledge Intensive Company status in 2019/20 which means the total allowance increased to ÂŁ20m.

Even if they haven’t, I would suspect the new £35m hitting the company’s bank account would mean they don’t qualify.

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140

Sam, as a lot of people here also want to buy in this secondary round, this is great news that “we’re also making a secondary opportunity available to all existing shareholders”.

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141

Indeed, a lot of us are looking to “share” this buying opportunity during this secondary event at the very VC-friendly price. Anything less would be a disappointment leaving us with a sour taste of not-really “shared” opportunity, with VCs being perceived as more “equal” than the crowd


We have been told quite often by :freetrade: that we the crowd community have been key valued stakeholders and enablers of the :freetrade: success. Let’s now see whether actions match words and whether we will share equal rights in this secondary opportunity on the buying side.

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143

To be fair to FT it is easy to call the price “VC-friendly” in hindsight which is always 20/20.

But I agree that it would be disappointing if early investors who put in extra effort to get pre-emption rights see them waived for the second time as if they mean nothing.

Draper’s pre-emption rights (who are investing in series B) seem to be worth more than the early crowd.

This is not to sound rude or ungrateful as the FT has so far been a blessing for every investor but to make sure everyone is on the same page about which deck of cards they have.

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144

That’s interesting, less than 3 years? I reckon they’ll IPO via a SPAC, most likely one of Social Capitals


I assume our EIS status is protected if a company IPOs before the 3 year required holding period. I assume since we’d still be “holding” our shares, we’d be ok?

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145

I hope freetrade consider this as serious matter and keep up crowd funding investors promise not to misuse their advantage.

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146

‘Go public’ via a SPAC - the whole purpose of a SPAC is to avoid an IPO - just FYI.

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Yeah apologies, was too quick there. I meant “go public”. Of course I’m only guessing here.

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Don’t apologise! :slight_smile: Just pointing it out to make people aware.

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What is the price today then,or if you prefer in 4 months time or both :wave::wave:

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Price has been announced as ÂŁ3.77 for the latest VC round (as per the Times). That will be the price that existing shareholders should be able to sell out at if they wish