BrewDog mounts £4m Equity for Punks crowdfunding bid
Aberdeenshire-based brewer and bar owner BrewDog has mounted a £4m funding bid to drive its latest expansion plans.
The Equity for Punks public share offering will see 42,000 shares made available at £95 each, the proceeds of which will be used to fund an expansion of its Ellon brewery and open a chain of new ‘bottle shops’ throughout the UK.
Shares can be purchased via the company’s website with purchasers being offered a lifetime discount in its bars and online shop.
Describing it as "the world's biggest independent crowdfunding initiative", BrewDog co-founder James Watt described Equity for Punks said: "With the help of almost 7,000 punk investors, BrewDog has become the fastest-growing food and drink company in the UK.
"As we need funds for more growth plans, we never considered a bank or an investment group - it's another opportunity for our customers to benefit from our growth directly.
"It proves that there is a viable alternative to the financial establishment, and as the self-interested banks continue to stunt economic growth, people are looking for better places to put their money."
BrewDog has reported annual growth of 167 per cent and anticipates turnover of £20m this year.