PrimaryBid taps ex-London Stock Exchange chair Sir Donald Brydon for board role

After a year of tremendous growth and high profile listings, PrimaryBid has appointed a city heavyweight to chair its board and oversee its next stage of growth.

Sir Donald Brydon was chair of the London Stock Exchange until 2019 and is currently the chair of accounting group Sage (until 30 September) and SME banking service Tide.

He will now bring his public markets experience to PrimaryBid, which had a phenomenal 2020 with £50m raised and supported the IPOs of PensionBee and Deliveroo.

“Both individual investors and public companies stand to benefit when our capital markets are accessible to all, and PrimaryBid has been at the forefront of this inclusion agenda,” said Brydon on his appointment.

“As was highlighted in HM Treasury’s recent market consultation, facilitating wider participation in the ownership of public companies is important and technologically achievable.”

PrimaryBid says it has now facilitated over 180 transactions on behalf of public companies, helping them tap into retail investors, including secondary share sales and a growing number of IPOs.

In June, the company launched in France via a partnership with Euronext, signalling PrimaryBid’s first step towards international expansion.

Read more:PrimaryBid is surging as companies are “waking up” to the community opportunity