The company planned to pursue its IPO dream after a £6 million investment from traditional City stockbroker Numis last year. Institutions are mopping it all up."Ĭrowdcube hoped that it's platform, which is designed to cope with thousands of small investors, would make it more economical. Lang says: "If you look at IPOs as they stand at the moment, market forces dictate that retail investors are locked out at the moment. These shares traditionally only go to institutional investors because their big balance sheets mean it's more economical for stockbrokers to go straight to them with share allocations.
I know some of our competitors are starting to make noises about it - it’s a really difficult play."Ĭrowdcube announced plans last year to offer retail investors - ordinary people with a few £1,000 to play with - the chance to buy shares in their initial public offering, the stage just before they become publicly listed. Luke Lang, chief marketing officer and cofounder of Crowdcube, told Business Insider: "I guess we continue to monitor that but the more that we look at it, the more you see how difficult it is. Account icon An icon in the shape of a person's head and shoulders.
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