SyndicateRoom is the only platform to offer members such access to pre-IPOs, IPOs, private placings and early-stage investments in one place. Penningtons Manches LLP’s capital markets team, led by Ross McNaughton, advised SyndicateRoom on the development of the product.
Commenting on the new product, Tom Hinton, SyndicateRoom’s Head of Capital Markets, said: “Publicly listed equity mirrors our core values – our members have access to IPOs and invest with institutional investors such as asset managers, investment banks and wealth managers, and our members benefit from the same share price as the institutional investors. We are proud to lead the way in the democratisation of the investment process and direct equity ownership to new investors. Retail investors are becoming increasingly important participants in IPOs and in the public markets more generally. We welcomed Penningtons Manches’ invaluable advice and assistance in the creation of this ground-breaking product.”
Ross McNaughton, a corporate partner and capital markets specialist at Penningtons Manches LLP, commented: “We are delighted to have helped SyndicateRoom with this innovative product development. Diversification of sources of funding is incredibly important for many high growth companies and opening the public markets to the crowd is a huge step forward in terms of both increasing access to listing opportunities to retail and supporting liquidity in the aftermarket.”
Cambridge-based SyndicateRoom is the UK’s only investor-led equity crowdfunding platform. The platform allows its members to co-invest alongside experienced lead investors in highly curated investment opportunities, while enjoying the same economic terms as the lead investors. This unique model has enjoyed considerable success, as more than 70 businesses have raised more than £40 million in a little over two years since the platform launched.
Penningtons Manches’ 20 partner corporate team advises on all aspects of company fundraisings from start-ups or spin outs to publicly listed companies. It continues to remain at the forefront of crowdfunding and capital markets innovation.
About Penningtons Manches
Penningtons Manches LLP is a leading UK law firm with offices in the City of London, Basingstoke, Cambridge, Guildford, Oxford, Reading and San Francisco. It is the founder member of the European Law Group, an association of European law firms, and a member of Multilaw, an association of 73 firms in 60 countries worldwide.
Penningtons Manches' legal services cover a range of specialist areas including corporate and commercial, corporate tax, banking and finance, dispute resolution, professional regulation, real estate, residential property, wills, trusts and probate, UK and offshore tax planning, family, intellectual property, technology, employment, immigration, life sciences, travel law, clinical negligence and personal injury matters.
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Christiane Morris
Marketing and PR consultant
T: +44 (0)20 7457 3238__________________________________
SyndicateRoom puts the public back into IPOS with new crowdfunding product
15 March 2016
As of this month, members of SyndicateRoom, the investor-led equity crowdfunding platform, can invest in IPOs and placings on the London Stock Exchange and enjoy the same discounts as professionals for new equity issues.