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Another name signs up to IPO retail platform
from Monday 3 July 2023
by cityam
CHRISTOPHER DORRELL
CROWDCUBE has joined the alliance of brokers who are forming RetailBook, the new platform giving retail investors access to IPOs.
Crowdcube, based in Exeter, is one of the world’s largest equity crowdfunding platforms. Since its founding in 2016, it has raised over £1.2bn for over 1,300 businesses.
It will join existing partners Hargreaves Lansdown, Jefferies, Numis and Rothschild, enabling it to expand its model into IPOs.
The partnership aims to further the democratisation of capital markets and creates one of the largest single pools of retail investors in the UK to which a company may market their IPO.
Aaqib Mirza, the designated chief executive of RetailBook says: “As RetailBook progresses on its journey to becoming a standalone business, we’re delighted to partner with another leading financial sector name.”RetailBook is being established as a new legal entity which will own and operate a deal platform based on Peel Hunt’s existing REX technology.
