PrimaryBid Launches Smartphone app

PrimaryBid is pleased to announce the launch of its first mobile app, which is available for both iOS and Android devices and provides the private investor access to equity placings, typically conducted at a discount to market price.

By downloading the PrimaryBid app, following a simplified registration and verification process, users will be able to monitor AIM companies by creating a bespoke ‘watchlist’ within the app.

When a share issue is taking place, push notifications will be sent directly to the potential investor’s phone, advising them that a placing is available, the placing price and a deadline to participate.  This will ensure that users do not miss the opportunity and can use the app to view information about the transaction, subscribe and pay for their investment, all whilst on the move, directly from their phone.

This extension of the PrimaryBid service onto mobile, will further increase the flexibility and frequency for PrimaryBid users to participate in AIM fundraisings on the same terms as institutional investors.

Furthermore, the combination of both web and mobile makes a compelling fintech proposition for companies wanting to access retail investors via a fast and seamless solution.

The app is now available for download in the Apple App Store and Google Play Store.

Dave Mutton, COO of PrimaryBid, commented:

“We are delighted to be launching our first app, which dovetails perfectly with the recent service improvements made to our website. Over the last six months, we have seen a clear shift in demand from the broking community wanting to target our retail investor client base and we are pleased to be further opening up the incremental retail demand for public equities to the broking community.

We are also seeing a fantastic response from investors, as clearly demonstrated last week, with the oversubscribed share offers for Sound Energy plc, which were available exclusively on our platform.

The launch of the PrimaryBid app is a big step forward in democratising access to AIM placings as well as offering the perfect solution for brokers to tap into an additional pool of capital.”

Author: Dylan Jones

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