Branch² Intelligence
Moneybox boosts London’s PISCES market in ‘milestone’ £45m sale
Key takeaway
Moneybox completes £45m employee share sale on LSE's PISCES platform, valuing the company at £800m.
- Step 1Moneybox executes £45m employee share sale on PISCES, providing liquidity to employees and early investors.
- Step 2Successful transaction validates PISCES as a viable platform, encouraging other private UK tech firms to consider secondary sales.
- Step 3Increased secondary market activity improves price discovery and reduces the IPO discount, potentially lowering the cost of capital for growth-stage SMEs.
Source: City A.M.
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