UK: BrewDog raises GBP1m in online share sale

By Andy Morton | 25 June 2013

BrewDog wants to expand its new brewery

Independent Scottish brewer BrewDog has raised GBP1m (US$1.54m) in 24 hours through a crowd-funding share sale.

The “Equity for Punks” scheme, which launched last week, aims to raise GBP4m to expand BrewDog's new brewery, bar division and bottle shops across the UK. Company co-founder James Watt said today (25 June) that the fast share uptake is a record.

“Nobody has ever raised GBP1m of funding through equity sales to fans in one day,” Watt said. “Equity for Punks is rewriting the rules of business finance and it’s putting our customers right at the heart of our operation.”

A total of 42,000 shares at GBP95 are being sold through the scheme, through an online broker. Shareholders will get a lifetime discount at BrewDog bars and its online shop, while also getting an invite to the company's AGM, the company said.

In January, Brewdog unveiled a GBP7.8m craft brewery 30 miles from its previous brewery in Aberdeenshire, Scotland.

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