PrimaryBid started its service in 2016 and is currently only available as an app on mobile devices.。But recently the software has been fairly updated so that users can use the company's products on a larger display.。

To access the new system, the customer simply enters the registered email address and receives an email containing the OTP or one-time password used to log in。

After logging in, users can browse the details of current and closed new issues and secondary rankings。

PrimaryBid is moving into new markets？

PrimaryBId has expanded beyond the UK and raised 1 in a Series C funding round in February 2022..$900 million, led by SoftBank Vision Fund 2.。

PrimaryBid has previously raised funds from London Stock Exchange Group, Draper Esprit, OMERS Ventures and Fidelity International Strategy Ventures.。At the time, the 2022 financing was said to value the business at about 6.$500 million, of course, the availability of venture capital funds and the valuation of fintech companies have changed dramatically in the last year。

Since its opening, PrimaryBid has participated in more than 30 IPOs and more than 200 subsequent or secondary offerings.。The projects raised a total of $1.2bn, just under £1bn at current exchange rates.。

Publishers and distribution networks continue to grow

Issuers using the platform for retail investors include Taylor Wimpey, William Hill, Aston Martin Lagonda, Ocado and Severn Trent。

Primarybid has also built a distribution network containing many of the UK's leading private client brokers and investment platforms.。

It remains to be seen whether the new desktop platform should appeal to customers who prefer to use a large screen for their financial affairs, which is enough to significantly increase turnover。

PrimaryBid's toughest task may be convincing more issuing companies and their advisors that using PimaryBid will benefit them and help them meet their fundraising goals while broadening their shareholder base.。