First Nordic crowdfunded campaign on stock exchange yield up to 80% growth in four months.
Swedish company reconstruction firm FrontOffice Nordic AB, which recently listed on the Nordic Growth Market (NGM) stock exchange after raising almost €600,000 from crowdfunding investors on FundedByMe, has been performing at more than 70% above listing price. Listed at SEK 2,50 on 19 May 2016, the current share price is at SEK 4,10 after having reached SEK 4,50 on the first of September.
Crowdfunding investors into FrontOffice – who could buy shares for a minimum investment of €53 and had their shares listed at SEK 2,50 - have been able to trade their shares on this regulated stock exchange for SEK 4,50. This investment has seen up to 80% growth in their crowdfunding investment in less than four months.
“This is the first campaign for FundedByMe where our crowdfunding shareholders have been able to directly trade their shares on a stock exchange – and pretty much immediately were able to earn a profit from their investment. This awesome performance is further proof of the fact that equity crowdfunding is changing the finance and investment market for the better.” says Daniel Daboczy, CEO and co-founder of FundedByMe.
FrontOffice launched its crowdfunding campaign on FundedByMe on 25 November 2015 and closed it in mid-February 2016 after overfunding up to 111% from 183 investors. “This experience has been great – both for FrontOffice as well as for our shareholders,” says Johan Lund, Managing Director of FrontOffice Nordic AB. “FrontOffice is planning to launch several highly interesting pre-IPO companies on FundedByMe in the coming months that we will crowdfund and then take to a stock exchange,” he continued.
View the FrontOffice stocks on NGM here: https://www.avanza.se/aktier/om-aktien.html/658668/frontoffice-nordic-b
View the FrontOffice campaign on FundedByMe here: https://www.fundedbyme.com/en/campaign/7106/frontoffice-svensk-foretagsrekonstruktion/