The United Kingdom equity crowdfunding platform Seedrs has just closed its experiment with secondary market trading in shares bought from startup issuers on its website.
The result was:
- 2.5 million shares traded
- among 238 buyers and sellers
- with £743,000 being paid.
The beta testing has the market open for one week on the first Tuesday of each month. Seedrs handles the back office paperwork and takes a “carry fee.”
Sales are limited to 3 Share Lots with a maximum value of £1000 each.
Forbes reports that some investors have made a profit trading those shares.