Proactive Investors - Run By Investors For Investors

Crowd-funder SyndicateRoom gets new listings market OK

SyndicateRoom said its service would give the retail community access to the same benefits that institutional investors enjoy
Crowd-funder SyndicateRoom gets new listings market OK
Goncalo de Vasconcelos, chief executive officer and co-founder of SyndicateRoom

Crowdfunding platform SyndicateRoom has been given the go-ahead by the London Stock Exchange to get a piece of the new listings and share placings action.

The launch of SyndicateRoom’s public equity capability means individual investors will be placed in the same position as professionals, with the ability to participate in the initial public offering (IPO) market and the opportunity to benefit from the same discounts for new equity issues, the crowdfunding firm said.

First up on the SyndicateRoom runway is the £200mln flotation of HealthCare Royalty Trust Plc, which is set to list on the main market of the London Stock Exchange.

A wide spectrum of equity opportunities will be available to SyndicateRoom members, from early-stage crowdfunding rounds through to high-growth flotations, pre-flotations and discounted placings, SyndicateRoom said.

“SyndicateRoom has already built a large member base of online crowdfunding investors, helping to create a new equity-owning class – the mass affluent. We are now seeking to democratise access to the public market, widening the reach of IPO discounts and putting the public back into IPO. SyndicateRoom’s move into the public equity market is another step in the evolution of the London Stock Exchange providing capital to growth companies, now with greater participation from individual investors,” said Goncalo de Vasconcelos, chief executive officer and co-founder of SyndicateRoom.

An online seminar, hosted by Proactive Investors, about the implications of this ground-breaking development has been scheduled for Tuesday, March 15, starting at 6.30pm (UK time).

View full PROAC profile View Profile

Proactiveinvestors Timeline

Related Articles

July 03 2019
At the Completion Contract business there have been lower volumes and the average budget per film has reduced
May 22 2019
Here we take a closer look at Bloomsbury Publishing PLC (LON:BMY)
Live Company
July 05 2019
In June 2019 the company signed a five-year deal to create tours themed around properties owned by children’s television network Nickelodeon

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use