“This is brilliant,” says Cliff Weight, director of ShareSoc, a campaign group for small shareholders. “A lot of hard work has gone on behind the scenes to explain why individual investors should not be shut out of fund raises. “I hope all companies will now follow their example and include individual investors in their fund raises.”
In a long article on fund raises, it was reported that Compass, the catering company, became the first main market business in the UK to include retail investors in its equity raise since the UK went into lockdown.
I note as I write this that the market is up again by over 100 points to over 6,100. If, as the FT note, all these fund raises are needed, then should this not be pulling the market down?
Cliff Weight, Director ShareSoc