The Nordic equity crowdfunding platform Invesdor is hosting part of an IPO offering.
The latest projects to arrive on the Nordic platform are Ahola Transport and Mooviecloud. The former of the two campaigns represents the first time that a Nordic crowdfunding platform has helped to finance an IPO. Aloha is in the process of listing on the Swedish Aktietorget. Indeed, the subscription period is already drawing to a close. But whilst the success of the offering has already been secured through existing subscriptions, the company is now looking for a top up.
Backers can now participate in the offering by investing in Aloha through the Invesdor platform. The logistics company targeted a fundraise of between €1,494,000 and €2,490,000. €1,643,620 has already been raised, meaning the round will successfully close, it’s now simply a matter of how much money can be raised in the remaining 6 days. Aloha’s Invesdor campaign is only open to Finnish investors.
The success of the round reflects the hunger for liquidity among crowdfunding investors. Very few rounds within the alternative equity space come equipped with an established and liquid secondary market, upon which shares may be readily traded. Of course, the downside of an Aloha-like deal is that there is likely a lot less in the way of potential upside. Aloha Transport has been in business for 60 years.
Not all crowdfunded IPO segments end in glory. The Burgundy-based vineyard Domaine Chanzy attempted a £1.9m fundraise on Seedrs as part of an AIM listing. But the campaign fell short of the mark, and was ultimately stripped from the Seedrs platform.
All things considered, however, investment opportunities like Aloha (established companies, easily exited), alongside a range of investible seed-stage companies, allow Invesdor users greater opportunity to build a diversified portfolio within the platform. It's for them to take advantage.
AltFi is returning to Amsterdam for its second annual Summit in the city. The inaugural event last year was a roaring success, with key figures from across Continental Europe's alternative finance and digital banking sectors highlighted. These included Jeroen Broekema, managing director of Funding Circle Netherlands, and Mieke van Engelen, head of innovative partnerships at ABN AMRO's standalone lending platform, New10.