PrimaryBid announced that users of the PrimaryBid platform contributed to an oversubscribed fundraising for Mobile Streams.
Mobile Streams has conditionally raised gross proceeds of £2.2 million through the successful placing and offer of shares at 4 pence per share – which includes subscriptions from individual investors applying yesterday exclusively through the PrimaryBid platform.
Dave Mutton, COO of PrimaryBid, said:
“We are delighted to have facilitated another successful fundraising on AIM using technology to make AIM share placings accessible to all types of investors on equal terms. After the launch of our new app this week, it is especially pleasing to note that 43% of the applications to invest in Mobile Streams yesterday came via a mobile device. This shows great potential for our innovative fintech solution, which is delivering a seamless process for issuers and brokers wanting to access individual investors.
With total funds sourced through PrimaryBid now standing at almost £31 million, it is encouraging to see a growing number of AIM companies recognising the benefits of democratising access to their equity funding strategies.”