Here’s something a little different – a French wine maker joining AIM and using crowdfunding to raise money for the flotation.
Alarm bells may be ringing already, particularly among cautious investors. Crowdfunding for a stock market flotation is a novelty and not entirely without controversy. Last week the City regulator warned that some crowdfunders were misleading investors. But for wine enthusiasts and more adventurous stock-pickers, the flotation could prove both fun and rewarding.
The company is Domaine Chanzy, a leading producer of Burgundy wines. The shares will be priced at 120p and the minimum investment will be just £10. However, investors subscribing for 1,000 shares or more will be offered substantial discounts, such as 30 per cent off a bottle of £16.95 wine or more than 40 per cent off Premier and Grand Crus.