Online investment platform SyndicateRoom is looking to open up the AIM market to its members as it rolls out its latest offering – WatchList.
SyndicateRoom’s head of capital markets Tom Hinton tells Proactive’s Andrew Scott: ”The problem is our members haven’t been getting access to placings at a discount so all the institutions got it but our members didn’t, so we came up with the novel idea of putting already listed companies on the platform. Our investors can have a look at all the publicly available information on that company, pledge an amount, we ring-fence that amount and then we offer it to the company. They can then essentially settle or take that amount as and when they want it.”
”I guess what’s innovative here is that we’ve teamed up with certain ‘watches’ who essentially publish their own investment thesis on our platform and say this is a company which falls within that thesis and says why they like it and then our investors can piggy-back off their expertise”.
Story by ProactiveInvestors