Winemaker Domaine Chanzy has become the first
company to conduct an initial public offering (IPO) using
It will also be the only French company listed on
the Alternative Investment Market (AIM) and the only French
wine specialist listed in London.
The transaction has been hailed as a step forward
for equity crowdfunding in Europe, and a boost for the market
following the UK Financial Conduct Authority’s
(FCA) publication of a scathing review of the crowdfunding market.
"Domaine Chanzy is the first time that an operating
company, as opposed to a fund like a Reit [real estate
investment trust], has done a crowdfunded IPO," said Jeff Lynn,
chief executive officer and co-founder of Seedrs, which is
hosting the campaign. "Funding later-stage companies is a very
exciting expansion of our model and of the power of equity
"Over the last six months we have seen a progression of