PrimaryBid, an online funding platform that enables investors to gain access to placings of AIM-listed companies, announced on Monday the launch of its first mobile app, which is now available for both iOS and Android devices. The website revealed that extension of its service on mobile will further increase flexibility and frequency for its users to participate in AIM fundraisings on the same terms as institutional investors.
According to PrimaryBid, the app provides the private investors access to equity placings, typically conducted at a discount to market price. The website confirmed that by downloading the app, users will be able to monitor AIM companies by creating a bespoke ‘watchlist’ within the app.
Dave Mutton, COO of PrimaryBid, added:
“We are delighted to be launching our first app, which dovetails perfectly with the recent service improvements made to our website. Over the last six months, we have seen a clear shift in demand from the broking community wanting to target our retail investor client base and we are pleased to be further opening up the incremental retail demand for public equities to the broking community. We are also seeing a fantastic response from investors, as clearly demonstrated last week, with the oversubscribed share offers for Sound Energy plc, which were available exclusively on our platform. The launch of the PrimaryBid app is a big step forward in democratising access to AIM placings as well as offering the perfect solution for brokers to tap into an additional pool of capital.”
PrimaryBid’s app is now available for download in the Apple App Store and Google Play Store.