
Why Robinhood tanked a crypto app’s valuation to re-enter the UK
Startup Europe — The Sifted Podcast
00:00
Cryptorena
Ziglu raised money from the first round in 20 20 at 34 pounds a share. For their second round of crowd funding last year, they raised at forty eight pounds and 30 pence a share. And if you compare that to the amended offer price of robin hood, which is 28 pounds and 29 pence ashare, you can see that that's pretty steep drop for some of those investors. One seedis investor said that he think the zegles directed should be ashamedfor accepting this revised deal. Another person has called it disgusting behaviour from sigri's board. But obviously it's tough times for cryptorena.
Transcript
Play full episode