BrewDog founders Martin Dickie and James Watt will retain close to a 62.5% stake in the business.
Punk brewer BrewDog has launched its most ambitious crowdfunding campaign as it seeks £25m to fund the expansion of its Aberdeenshire brewery.
The Scottish company is offering more than 525,000 shares at £47.50 each on its own online crowdfunding platform, Equity for Punks, with a minimum of two shares per investor.
The campaign launched this week and will run for the next 12 months. But the 8.83% that the business is offering to prospective investors values it at more than £283m – more than 70 times the £3.9m operating profit it made during the last year.
BrewDog previously raised £4.25m in less than six months using the same process and its latest venture is the most ambitious crowdfunding effort in any industry.
As well as increasing production capacity at its brewery, BrewDog wants to use the money to open new UK bars, establish an operation in the US, invest in environmental technologies and start a craft beer-focused hotel. It will also launch new product ranges and support existing lines.
© FoodBev Media Ltd 2022
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