Seedrs Secondary Market Now Allows Full Variable Pricing

Seedrs continues to update and iterate its secondary marketplace for private securities.

As was reported this past summer, Seedrs enabled variable pricing for trading to take place on the market but there were still certain restrictions tied to the last valuation of the company. At the end of last week, Seedrs announced full variable pricing where buyers and sellers may list shares at any price to the minimum / maximum share lot size, from £10 to £25,000.

The Seedrs Secondary Market continues to grow with the October trading cycle seeing £462,000 in transaction volume. While still relatively small, Seedrs is heading in the right direction while providing liquidity for a traditionally illiquid asset class. The ability to trade securities not issued on the Seedrs platform should help boost transaction volume. This combined with the pending merger with Crowdcube should drive volume even higher.

In a blog post, Seedrs Chief Product Officer Joel Ippoliti explained the change:

“Our desire is to extend the information available in the ‘sell shares’ journey to show the current share lots currently available which we believe will aid greatly in setting a competitive price (if you want it to sell quickly) or not, as the case may be.

We’ve also heard the desire for greater fidelity in being able to set a price (smaller increments) and there have been calls for the overall range to be extended. To reflect this we’ve extended the preset premium/discount range to +/- 50% and we’ve also opened up the field entirely should sellers want to put in their own price, refer below.”

Ippoliti calls this update an incremental change but expect bigger leaps going forward as Seedrs/Crowdcube expands further into Europe and perhaps other regions like Asia and North America.

 

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