BABB: Valuation update for equity crowdsale

startup fintech entrepreneurship blockchain banking

We launched the equity crowdsale to the public two weeks ago and it’s been fantastic to receive the support of more than 900 investors, some from the community and some totally new to the BABB project.

Since we launched, some concerns have been expressed regarding the valuation of the company.

We valued the company at £100 million, and we have discussed this figure (and the workings out behind it) at length. We believe that the initial valuation remains fair and objective built on conservative financial projections.

However, we are always open to feedback and it’s clear to us that although the valuation has been accepted by over 900 people, many others continue to have concerns.

One-off valuation adjustment to £50 million

For that reason and to ensure that our crowd funding investors get a very attractive investment opportunity, we have decided to make a one-off adjustment of the valuation to £50 million.

This adjustment means that 2.91% of the company is now available for the £1.5 million investment. We will close the equity crowdsale shortly after we reach the £1.5 million fundraising target.

Why now?

Yesterday, the regulatory business plan was signed off by the board and issued to regulators in the UK as part of our banking license application. The application is progressing quickly and we want to ensure we satisfy the minimum capital requirements as soon as possible.

We have also received a lot of interest from alternative sources of investment with various private investors lined up. We plan to close the crowdsale once we reach the £1.5 million target (without overfunding) before moving on to focus on raising the additional funding for the minimum capital requirement from these investors.

We’re not the first to make this kind of change. It’s relatively common for a company to go out to their community with a valuation and then revise it based on the feedback they receive. Camden Town Brewery, one of Crowdcube’s greatest success stories (which we’ve mentioned in previous posts) also adjusted their valuation following discussion from the crowd.

BAX bonus

We’ve also decided to roll out a new BAX bonus for investors.

Thanks to the updated valuation, investors will now get twice as much equity for their investment. We will also give every investor a bonus of 20 BAX per £1 invested in the equity crowdsale.

This bonus will apply retroactively to all investments made so far, so if you invested since 26th June, you will get 20 BAX for every £1 you pledged.

Thank you

We want to thank you for your support and for your constructive comments on this topic and we look forward to welcoming you as shareholders in BABB.

You can invest on the BABB page on Crowdcube. If you have already invested twice, you will need to whitelist your email address — please email [email protected] to get whitelisted.

We will hold a live Q&A on Friday at 2pm UK time, and in the meantime you can ask any questions in our equity crowdsale Telegram group.

Valuation update for equity crowdsale was originally published in BABB on Medium, where people are continuing the conversation by highlighting and responding to this story.

Original article was created by: BABB at

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency or ICO.

Interested in Cryptocurrencies and ICO's?

Follow our telegram channel for daily cryptomarket reports!

Join @cointrends

Stay on top of Altcoins and ICO trends.

Subscribe to our free Weekly Cryptomarket report

Delivered once a week, strongly to your inbox.

Subscribe to our mailing list
November 01, 2018

Progress report #10–October roundup

In London, the autumn mornings are misty and chilly as the BABB team trek across town to the office. The evenings are drawing in, Halloween has happened and Christmas trees are appearing — time for another monthly roundup!Roadmap 2.0On Friday 18th, we released our updated roadmap. Roadmap...

From: BAX
October 19, 2018

Introducing: Roadmap 2.0

It’s October, meaning we have now entered Q4 of 2018. Eight exciting, busy and productive months have passed since we closed the token sale.As a reminder, here’s what the BABB team has achieved since February…We finished the designs for R1 of the app, which are now in development, and...

From: BAX
October 10, 2018

Equity crowdsale: complete!

We are delighted to tell you that the equity crowdsale is complete. We have officially closed the funding round at £1.4 million and all 1,232 investors have just become new shareholders in BABB.If you invested in the equity crowdsale, we’d like to thank you for your support of the BABB...

From: BAX
October 02, 2018

Progress report #9 — September roundup

Progress report #9 — September roundupCatch up with the latest from BABB HQ.September has been a cracking month in the BABB office; everyone is incredibly focused and there’s a “back to school” feel in the air.Here’s our video roundup from September, plus — read on to get...

From: BABB
September 27, 2018

Deep dive product update: September edition

Checking in with Ricardo following the handover of designs to the development teamLast time we caught up with our Chief Product Officer, Ricardo, it was mid-August and his team was preparing to hand over the documentation of the BABB app to the technical team to build.This week, we’ve got...

From: BABB
September 21, 2018

We’ve been invited to apply for a banking license in Lithuania

We’re excited to tell you that our meeting this week with the regulators at the Bank of Lithuania was very positive, and they have invited us to submit our application for a Lithuanian banking license.The meetingWe (Paul, Rushd and Leonard) met with five people, including our primary contact...

From: BABB
Upcoming ICO's
This week overview
Token Name Starts
CDRX (CDRX) logo CDRX (CDRX) 1 days
SkyMap (SKYM) logo SkyMap (SKYM) 1 days
Aditus (ADI) logo Aditus (ADI) 2 days
PlayChip (PLA) logo PlayChip (PLA) 3 days
Stem Cell (SCIA) logo Stem Cell (SCIA) 3 days
Nodvix (NVDX) logo Nodvix (NVDX) 4 days
B21 (B21) logo B21 (B21) 5 days
Coingrid (CGT) logo Coingrid (CGT) 5 days
Empleos (PLEO) logo Empleos (PLEO) 7 days
Cryptocurrency rates
*Last hour average price&change
Coin Name Price Hour
Bitcoin logo BTC $5610.24428205 -0.03%
Ripple logo XRP $0.5061885578 -1.49%
Ethereum logo ETH $176.272310756 -0.41%
Bitcoin Cash logo BCH $380.780862866 -3.51%
Stellar logo XLM $0.2502607033 0.03%
EOS logo EOS $4.6124946577 -0.49%
Litecoin logo LTC $42.5886274204 -0.51%
Tether logo USDT $0.9874324497 -0.03%
Cardano logo ADA $0.0618950988 -0.53%
Monero logo XMR $89.4743906935 -1%
Tronix logo TRX $0.0190612693 -0.09%
IOTA logo IOT $0.4170974521 -0.33%