Q: What happens if a company I invested in goes public?
When a company goes public, the previously owned private share ownership converts to public ownership, and the existing private shareholders’ shares become worth the public trading price. Typically, if you are a private investor, you will either have the option to sell all of your shares at the underwritten public trading price, or to keep your previous shares as new public shares.
No two public listings are the same, so you will be guided through any transaction by our team, with all information shared on a case by case basis.
We highly recommend checking the 'Updates' section of the post-investment page of the company you hold public shares of for more details
Q: Can publicly listed shares be traded on the Secondary Market?
No, businesses that since raising on Seedrs have listed their shares on a public exchange are not permitted to be traded on the Secondary Market. However, you may be able to request a sale of these shares through the platform on the public exchange.
Q: How do I sell my publicly listed shares?
In order to submit a request to sell your publicly listed shares through our platform. you'll just need to follow the steps below
Log in to your Seedrs account and visit the 'Sell shares' tab on your Seedrs Portfolio.
Select the business in the “Business” drop-down list and enter the number of shares you wish to sell.
Set the minimum price you wish to sell your shares at. If you select ‘Use best market price’ we will instruct the broker to execute the sale at the current market price the shares are trading at.
Ensure you read all details on the page carefully before you continue and submit your sell request
Then, after submitting your request, you'll just need to send a message to support@seedrs.com confirming your nationality and national identifier. Please use the table in this article - Seedrs Help Centre: Request For Nationality Information - as a reference to work out what national identifier we will need from you, which varies based on nationality.
Our team will not be able to process the sale without this information. We will keep your request on hold up to 7 days after the submission date. If we don't receive this information from your side, the request will be cancelled.
Q: What happens after I submit my request to sell?
After your submit your request and send the national identifier information to us, our team will submit your order through our broker.
Worth noting that there currently is no feature to track the progress of the sale order after it has been submitted and the sale is dependant on buyer demand - the time it'll take for your shares to be sold may vary.
If/when a buyer is found and the sale is completed, you will receive an email confirmation on the day we receive the proceeds of the sale, which is usually 4 business days from sale date.
The sale proceeds will be allocated to your Seedrs Investment Account balance on the same day we receive them
Q: What fees are associated with selling my publicly listed shares?
Before submitting a request to sell your shares, please consider the typical fees associated with selling publicly traded shares:
Carry Fee: you will be charged carry fee on any profit you make per investment made (after broker fees)
Broker Fee: £30 administration charge plus commission of 0.75% on consideration (with a minimum of £30.00). For sales of consideration over £10,000, there is a £1 Panel of Takeovers and Mergers (PTM) levy fee.
However, it is worth noting that these fees may not apply to all public companies. When you submit your sale order, all the fees will be disclosed on the checkout page and we advise you to carefully read through them before submitting your sale order.
A general breakdown of the fees we charge for our services can be found in the article below:
Q: Can I transfer my publicly listed shares to my broker and/or out of the nominee structure?
No - the transfer of publicly listed shares outside the nominee or to another broker is not supported. Seedrs continues to hold the shares as a nominee on behalf of the investors via our broker.
Please find our general guidance on transferring shares in our platform below:
Q: Why is the share price shown on Seedrs different to the current market share price?
The share price is updated on Seedrs once a day and does not update as the price changes through the day. For through the day updates to the share price please refer to the exchange website.