Just a day after PrimaryBid’s press release, UK equity crowdfunding platform Crowdcube also announced it will launch an IPO investing platform. Robinhood unveiled its IPO Access platform last week, and SoFi also launched a similar service earlier this year.
Commercial revenues (including advertising and sponsored podcasts) accounted for 57% of company revenues, the first time it exceeded crowdfunding revenues. End-of-year Patreon support amounted to 5,939 patrons contributing an average of $5.40 per month (US dollars), for a monthly average of $32,070. Canadaland estimates that up to 25% of its audience are subscribers via Patreon.