Live on 04/03/2021. Just had the following from PB:
Thank you for your continued support of PrimaryBid and your interest in the IPO of Cellular Goods.
As you know, the PrimaryBid offer closed early due to the scale of demand. The Company is now working out how many shares each investor will receive - this process is known as "allocation". The deal was very popular, with many more shares requested by investors than are available for sale, so every single investor - large and small, both individuals and fund managers - is likely to get fewer shares than they have asked for.
The very large number of investors who have applied for shares means that the allocation process will take some time. We will email you about your personal allocation as soon as we are notified by the Company. Every investor will receive a refund of unused subscription monies, which will automatically be processed back to the same debit card you used to invest before admission of the shares to trading on 26th February 2021.
We are passionate about treating our customers fairly, and it is our job to represent your interests when the Company is allocating the deal, but in the most popular deals this can still lead to disappointment.
The cannabis sector is one of the highest growth sectors in the UK currently. If you are interested in the broader space, PrimaryBid has a pipeline of further opportunities in the cannabis sector. We have prepared a survey to allow us to better understand your interest in the sector to help us to give you the best possible access in this and future IPOs: