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Andrew Webley
@asjwebley
CEO, The Smarter Web Company (@smarterwebuk) | Bitcoin Investor | Previously Head of Online, Hargreaves Lansdown | Posting In A Personal Capacity
参加 November 2017
12 フォロー中    10.6K ファン
This is a proud moment for Smarter Web. Today we announce the results of the institutional offer and retail offer in the MORE IPO, raising £10 million. I am especially proud that we are listing MORE in London, with the first weekly dividend paid by a London-listed commercial company. We are demonstrating that the UK can lead in financial innovation and that the UK capital markets remain open for business. We set £10 million as the minimum for the IPO to proceed, and we have achieved that, even with the constraints under UK financial promotion rules on what we could communicate during the offer, and with little traditional media coverage. Approximately 75% of the investment has come from retail investors and this retail participation is something I am also proud of. Today we also announced the 3rd update in as many weeks on the Ordinary Shares ATM, raising a total of £4.6m across the 3 weeks. With the introduction of our Preferred Shares alongside our existing Ordinary Shares, we now have two distinct equities offering investors different ways to participate in the potential future success of Smarter Web. MORE will begin trading on the Main Market of the London Stock Exchange on Wednesday. I know £10 million is at the lower range of what we were targeting, and I won’t pretend otherwise. But perspective matters. The Bitcoin treasury sector is still young, particularly in the UK. This is the first preferred share, from a Bitcoin treasury company, listed on a main market, outside of the US. Institutional investor demand was disappointing, with a number that we thought would participate then deciding not to, but many have said they want to see how it trades and could participate as it grows in size. We have been here before. Smarter Web started as a public company in April 2025 with a fundraise totalling £2.1 million. We quickly grew to become the largest public company Bitcoin treasury in the UK and today are in the top 30 globally. I look forward to building on this milestone, growing our business and expanding on the understanding of both SWC and MORE. LSE: #SWC# #MORE# | OTCQB: $TSWCF | FRA: $3M8
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