£300million BrewDog wooing new investor and potential IPO

BrewDog may need to cozy up to the city investors that it has previously mocked after the Ellon-based brewer revealed it may consider an IPO (Initial Public Offering).

In a letter to its shareholders, the firm also reported that it is about to land a big new, unnamed investor.

Subscribe to our daily newsletter

Why? Free to subscribe, no paywall, daily business news digest.

Although the terms of the investment have not been finalised, it will be capped at no more than a 30% stake in the firm and will be at a price of £75 per share. Its last crowdfunding in April 2016 offered investors a price of £47.50 per share at a £300m valuation.

In the letter the company also mentioned it will also consider launching a fifth round of crowdfunding later this year, or issuing a bond, and could still do both.

BrewDog is seeking approval for the shake-up from shareholders ahead of the investment in a meeting due to be held at the end of the month.

The latest stories