Seedrs’ Experiment With Trading Crowdfunded Shares

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.

About JeffKoeppel

I am a corporate/securities attorney in the Washington, DC area. Prior to joining the firm, I was a Senior Attorney Advisor in the Division of Corporation Finance at the U.S. Securities and Exchange Commission. I am a member of the Bars of the States of Maryland, New York and the District of Columbia. You can also follow this blog on LinkedIn at:
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