Indications of Interest for Crowdcube Share Offer Now at £50 Million

Crowdcube 50 millionCrowdcube, the UKs largest investment crowdfunding platform by amount of capital raised, will launch its most recent self-crowdfunding round this coming Tuesday (July 19th) at 12Noon GMT.  To drum up support, Crowdcube is registering “expressions of interest” and to date, Crowdcube has tallied £50 million – an incredible sum. It took just 6 hours for Crowdcube to rake in £20 million of investor interest. While individuals registering their intent to invest is no guarantee as the statement is non-binding, it is pretty certain the targeted £5 million EIS eligible offer will subscribe within minutes. A better question is; will Crowdcube let the offer over-subscribe and if so, by how much?

Due to the size of the funding round, Crowdcube is required to complete a prospectus on the offer. Individuals who have registered their interest will receive a link to the document tomorrow (Monday, July 18th) at 12noon.  Potential investors will then be able to review all of the details and the pitch regarding the securities offered.  Crowdcube does note there is limited availability of EIS tax relief in this round and the EIS relief will be offered on a first-come-first-serve basis.

Crowdcube-foundersCrowdcube has raised over £170 million for more than 420 crowdfunding offers since its launch. The company claims more than 294,000 registered investors. Crowdcube is at the forefront of increasing the crowdfunding offering cap without a prospectus, a limit that now stands at €5 million.





Have a crowdfunding offering you'd like to share? Submit an offering for consideration using our Submit a Tip form and we may share it on our site!

Sponsored Links by DQ Promote

Send this to a friend