Investors Chronicle, 15 April 2020, Are Retail Investors Losing Out?

https://www.investorschronicle.co.uk/shares/2020/04/15/are-retail-investors-losing-out-amid-the-fundraising-rush/

Companies in the current crisis are rushing to strengthen their balance sheets. This article reviews what is happening and mentions the PrimaryBid approach. It quotes ShareSoc director Cliff Weight:

However, excluding retail investors from participating in fundraisings is a “snub”, said Cliff Weight, director of policy and campaigns at shareholder rights group ShareSoc, arguing that companies should not be taking a selective approach to when they require support from retail shareholders.

“This is a way of the big institutions creaming off a profit at the expense of retail investors,” said Mr Weight, highlighting the dilutive impact on retail holdings of placings that have typically been completed at a discount to the issuers’ current market value.