Crowdcube Joins RetailBook to Expand Retail Investor Access to IPOs
Crowdcube, the world’s largest equity crowdfunding platform, has partnered with RetailBook, a new platform that allows retail investors to participate in corporate IPOs and follow-on share sales. RetailBook, previously known as REX, is based on technology used by City broker Peel Hunt. The platform aims to broaden the customer base of the stock market and provide retail investors with equal opportunities to participate in the growth of exciting businesses.
Crowdcube has raised over £1.2bn for more than 1,300 businesses, including Monzo and Revolut. By joining RetailBook, Crowdcube’s retail investors will be able to participate in IPOs on the same terms as institutional investors, marking a significant step forward in democratizing access to the capital markets.
The partnership between Crowdcube and RetailBook comes at a time when the UK listings market has faced challenges. However, Crowdcube remains committed to the UK market and expects a change in sentiment later in the year. The collaboration creates one of the largest pools of retail investors in the UK, providing companies with a platform to market their IPOs.
Aaqib Mirza, Chief Executive Officer (designate) for RetailBook, expressed enthusiasm for the partnership, stating that RetailBook’s mission aligns with Crowdcube’s goal of democratizing the capital markets. The partnership will enable Crowdcube’s community to participate in IPOs of new companies listed on the London Stock Exchange in the future.
