From TokenPost · · 50s
Smarter Web Raises £10m in Bitcoin IPO
Smarter Web's MORE shares hit £10m IPO target with Bitcoin treasury listing planned.
In brief
Smarter Web's MORE shares hit £10m IPO target with Bitcoin treasury listing planned. Smarter Web conditionally raised £10 million through its MORE preferred-share IPO, targeting London Stock Exchange listing with Bitcoin treasury security. Originally reported by TokenPost.
Smarter Web IPO
Smarter Web conditionally raised £10 million through its MORE perpetual preferred-share IPO, reaching the offer’s minimum threshold while preparing to list the Bitcoin treasury security in London.
Funding Allocation
The company expects net proceeds of £8,346,006, allocating £4 million to Bitcoin purchases, £3,846,006 to working capital and dividends, and £500,000 to business growth.
Listing Details
MORE shares will trade on London Stock Exchange’s Main Market starting Oct. 14 at £90 each, with no voting rights and initial 12% annual variable dividend.
The main idea
Smarter Web conditionally raised £10 million through its MORE preferred-share IPO, targeting London Stock Exchange listing with Bitcoin treasury security.
