£13.0194!
That settles it
That’s only a 68% increase, yet company has doubled in value - did we give away a huge chunk?
Part of the value will be the new shares (so I don’t think that is/ should be factored into it). I think the pre-money was £1.9bn (a 90% increase) but I doubt dilution was/is near 22%.
This is why it is painful to try and work things out
Good to know, but also annoying that we have to figure this out by following their social media activity as opposed to being informed by email.
You can gripe at the investors event on Saturday.
Google: Dillution
Also, it was £1.085bn before, not £1bn.
They’ve raised £113m, i.e. the increase is £2bn - £113m / 1.085bn = 73.9% increase
Also, this is a dollar raise (i believe) which means there might be currency changes in play too.
Or dilution.
Crowdcube just informed me of this. Great news!