Investors Chronicle, 15 April 2020, Are Retail Investors Losing Out?

Companies in the current crisis are rushing to strengthen their balance sheets. This article reviews what is happening and mentions the PrimaryBid approach. It quotes ShareSoc director Cliff Weight:

However, excluding retail investors from participating in fundraisings is a “snub”, said Cliff Weight, director of policy and campaigns at shareholder rights group ShareSoc, arguing that companies should not be taking a selective approach to when they require support from retail shareholders.

“This is a way of the big institutions creaming off a profit at the expense of retail investors,” said Mr Weight, highlighting the dilutive impact on retail holdings of placings that have typically been completed at a discount to the issuers’ current market value.