The UK's first Bitcoin-backed digital credit product begins trading on 14 October.
Smarter Web is launching a perpetual preferred called MORE, and the IPO is open to both UK institutional and retail investors.
The key details:
-12% initial dividend on £100
-Offered at £90, a 13.33% yield at issue
-Paid weekly and cumulative
-Denominated in pounds, listed on the LSE Main Market
Apply through Hargreaves Lansdown, AJ Bell, Interactive Investor and other participating platforms. Minimum £500.
The offer closes on 9 October.
I will be supporting the launch by putting some of my own capital into the IPO.
A big moment for Bitcoin in the UK.
$SWC.L | $TSWCF
@LazyProgramer@Micro2Macr0 If you’re from the UK you should also know if you hold a US company inside a S&S and receive dividends you pay 15% US withholding tax