Set to become the second company to crowdfund itself to an IPO, French winemaker Domaine Chanzy is raising funds from investors on the Seedrs crowdfunding platform with shares to go public on the AIM.
Back in September 2014, UK equity crowdfunding firm, Seedrs, made headlines when winemaker Chapel Down Group launched a crowdfunding campaign on the Seedrs platform. With shares trading on the ISDX, Chapel Down Group became the first public company to sell additional ownership in the firm via crowdfunding.
Taking it a step further, another winemaker, French Domaine Chanzy, is using Seedrs in conjunction with its planned initial public offering (IPO) on the London Stock Exchange’s AIM marketplace. Applying to the AIM and set to go public in March, £1.9 million of shares are being made available for sale currently on Seedrs. Shares are also being sold through a placing with several London based corporate finance firms. Overall, the £1.9 million in shares will be sold on a first come basis between both Seedrs and and institutional investors.
Following the sale of the allotment, shares will begin to trade publicly on the AIM. Buyers of Domaine Chanzy shares will then be able to sell their stakes directly on the exchange with the broker of their choice after providing ownership. Per a sale price of 120p per share, Domaine Chanzy expects a market capitalization of around £9.66 million. Similar to Chapel Down, Domaine Chanzy will also be providing incentives such as discounts on their wines to Seedrs investors.
Representing Seedrs during our Fintech Panel in last November’s Forex Magnates London Summit, Ben Sears, the firms Director of Investors and Business Development answered questions about the Chapel Down Group sale. At the time, Sears explained that after successfully selling £3.9 million in three weeks, they had several other publicly listed firms contact them about information for potential crowdfunding campaigns. When explaining Chapel Down’s success, Ben Sears stated that they did a great job of marketing the crowdfunding campaign to their customers, which may not work well for all products.
Disrupting finance
The IPO marks just the second time a firm is going public in combination with raising funds with a crowdfunding platform, following Mill Residential RIET which did so in December 2014 using SyndicateRoom. The success of such IPO's could be a boon for the overall crowdfunding sector as it merges with traditional investment banking.
The more efficient such sales become, it raises the chances that other firms use crowdfunding to increase exposure of their company and widen the net of potential buyers of their shares as they seek an IPO. A combination of crowdfunding with traditional investment banking could also help in the price discovery process, where shares can be made available with staggered prices depending on demand, to allow a company to maximize the funds that they raise when going public. Echoing thoughts from Ben Sears from the abovementioned Fintech Panel, firms with vibrant communities who could be counted on to become investors, could also potentially see value in crowdfunding as it provides a method for them to increase engagement with the users.
Domaine Chanzy’s IPO also provides an immediate solution to one of the biggest deficiencies in equity crowdfunding; lack of an active secondary market for buyers to sell shares.
(Correction - a previous version of this post incorrectly attributed the IPO as the first such for the crowdfunding sector when in fact a similar transaction was completed using SyndicateRoom in December 2014. The two firms do differ in that Seedrs is open to smaller investment amounts and SyndicateRoom has lead investors who often have ongoing involvement with the firm raising funds or an expertise in the sector)
Back in September 2014, UK equity crowdfunding firm, Seedrs, made headlines when winemaker Chapel Down Group launched a crowdfunding campaign on the Seedrs platform. With shares trading on the ISDX, Chapel Down Group became the first public company to sell additional ownership in the firm via crowdfunding.
Taking it a step further, another winemaker, French Domaine Chanzy, is using Seedrs in conjunction with its planned initial public offering (IPO) on the London Stock Exchange’s AIM marketplace. Applying to the AIM and set to go public in March, £1.9 million of shares are being made available for sale currently on Seedrs. Shares are also being sold through a placing with several London based corporate finance firms. Overall, the £1.9 million in shares will be sold on a first come basis between both Seedrs and and institutional investors.
Following the sale of the allotment, shares will begin to trade publicly on the AIM. Buyers of Domaine Chanzy shares will then be able to sell their stakes directly on the exchange with the broker of their choice after providing ownership. Per a sale price of 120p per share, Domaine Chanzy expects a market capitalization of around £9.66 million. Similar to Chapel Down, Domaine Chanzy will also be providing incentives such as discounts on their wines to Seedrs investors.
Representing Seedrs during our Fintech Panel in last November’s Forex Magnates London Summit, Ben Sears, the firms Director of Investors and Business Development answered questions about the Chapel Down Group sale. At the time, Sears explained that after successfully selling £3.9 million in three weeks, they had several other publicly listed firms contact them about information for potential crowdfunding campaigns. When explaining Chapel Down’s success, Ben Sears stated that they did a great job of marketing the crowdfunding campaign to their customers, which may not work well for all products.
Disrupting finance
The IPO marks just the second time a firm is going public in combination with raising funds with a crowdfunding platform, following Mill Residential RIET which did so in December 2014 using SyndicateRoom. The success of such IPO's could be a boon for the overall crowdfunding sector as it merges with traditional investment banking.
The more efficient such sales become, it raises the chances that other firms use crowdfunding to increase exposure of their company and widen the net of potential buyers of their shares as they seek an IPO. A combination of crowdfunding with traditional investment banking could also help in the price discovery process, where shares can be made available with staggered prices depending on demand, to allow a company to maximize the funds that they raise when going public. Echoing thoughts from Ben Sears from the abovementioned Fintech Panel, firms with vibrant communities who could be counted on to become investors, could also potentially see value in crowdfunding as it provides a method for them to increase engagement with the users.
Domaine Chanzy’s IPO also provides an immediate solution to one of the biggest deficiencies in equity crowdfunding; lack of an active secondary market for buyers to sell shares.
(Correction - a previous version of this post incorrectly attributed the IPO as the first such for the crowdfunding sector when in fact a similar transaction was completed using SyndicateRoom in December 2014. The two firms do differ in that Seedrs is open to smaller investment amounts and SyndicateRoom has lead investors who often have ongoing involvement with the firm raising funds or an expertise in the sector)
Crypto Gets Second Chance: Stripe Re-enters the Sector with Stablecoins
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
👍 Facebook: https://www.facebook.com/financemagnates/
📸 Instagram: https://www.instagram.com/financemagnates_official
🐦 X (Twitter): https://twitter.com/financemagnates/
📡 RSS Feed: https://www.financemagnates.com/feed/
▶️ Telegram: https://t.me/financemagnatesnews
Don't miss out on our latest videos, interviews, and event coverage.
🔔 Subscribe to our YouTube channel for more!🔔
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
👍 Facebook: https://www.facebook.com/financemagnates/
📸 Instagram: https://www.instagram.com/financemagnates_official
🐦 X (Twitter): https://twitter.com/financemagnates/
📡 RSS Feed: https://www.financemagnates.com/feed/
▶️ Telegram: https://t.me/financemagnatesnews
Don't miss out on our latest videos, interviews, and event coverage.
🔔 Subscribe to our YouTube channel for more!🔔
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
👍 Facebook: https://www.facebook.com/financemagnates/
📸 Instagram: https://www.instagram.com/financemagnates_official
🐦 X (Twitter): https://twitter.com/financemagnates/
📡 RSS Feed: https://www.financemagnates.com/feed/
▶️ Telegram: https://t.me/financemagnatesnews
Don't miss out on our latest videos, interviews, and event coverage.
🔔 Subscribe to our YouTube channel for more!🔔
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
👍 Facebook: https://www.facebook.com/financemagnates/
📸 Instagram: https://www.instagram.com/financemagnates_official
🐦 X (Twitter): https://twitter.com/financemagnates/
📡 RSS Feed: https://www.financemagnates.com/feed/
▶️ Telegram: https://t.me/financemagnatesnews
Don't miss out on our latest videos, interviews, and event coverage.
🔔 Subscribe to our YouTube channel for more!🔔