SyndicateRoom Extends IPO Capabilities to Crowdfunders
Posted: Sun Mar 13, 2016 11:05 am
SyndicateRoom, a UK crowdfunding platform, has achieved intermediary status with the London Stock Exchange (LSE), in essence allowing crowdfunding investors to participate in initial public offerings (IPOs) and placings on the exchange’s Main Market and AIM, according to a SyndicateRoom.
The achievement is important not only for SyndicateRoom but also for similar platforms for equity crowdfunding, which have collectively been gathering steam among retail investors as a source for them to invest in promising startups.
In addition, the act also sees SyndicateRoom become the first crowdfunding platform to integrate with the public markets – this coincided with the approved intermediary status for ... (read more)