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.
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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.