Freeagent just sold to RBS for £53m. Back in 2015 Freeagent used Seedrs to raise £1.2m.
In what was at the time the first crowdfunded company to IPO, Freeagent went public in 2016, just a year after crowdfunding. The launch price for shares was 84p valuing the company at several million pounds less than Seedrs attempts. Figures are hard to verify at this stage but this IPO was a down round for Seedrs investors. The price since then has been as high as £1.42 but recently was on a gradual decline into the sub 70p bracket. Seedrs investors initially paid £10 for shares but this was reduced to £1 in a 10:1 split in 2016.
The CH filings for Freeagent are a disaster - couldnt make a lot of sense of them. The long and short of it appears to be better to wait for an IPO with guaranteed liquidity than invest on Seedrs. The other very obvious conclusion is that this company was overvalued by a very large amount if you take the industry norm of a 10X ROI. On this basis shares should have sold to investors on Seedrs at around £5m not over £30m. I wonder why?