Key facts
- Wadworth, a British brewery and pub operator, plans to be the first member of Asset Match's Pisces platform.
- The Pisces platform allows existing shareholders to sell vested equity to buyers.
- Wadworth has been trading its A ordinary shares on the Asset Match platform since February 2023.
- The trading window for Wadworth's shares on Pisces will be from August 11 to September 30.
- Asset Match received approval for its Pisces platform from the Financial Conduct Authority in April.
Wiltshire-based brewery and pub operator Wadworth has drawn up plans to become the inaugural member of Asset Match's new private markets platform, Pisces. This move aims to provide a significant boost to the platform as it seeks to attract unlisted companies. Wadworth has been trading its A ordinary shares, which typically carry voting rights, on the Asset Match platform since February 2023. The company, known for its traditional ales like 6X, has already traded over 300,000 shares. Participants will be able to access company reports and auction details starting August 4. Buyers and shareholders can submit orders during Wadworth's first trading window, scheduled from August 11 to September 30. Ben Weaver, Business Development Director at Asset Match, stated that the PISCES auction represents the first opportunity for a broader investor pool to acquire shares in Wadworth, expressing confidence in strong investor appetite for established private companies with recognized brands and growth potential. Simon Townsend, chairman of Wadworth, believes the transaction will enhance the company's visibility among investors. Asset Match received approval for its Pisces platform from the Financial Conduct Authority in April. Wadworth's listing will serve as the initial test of the platform's ability to offer liquidity to shareholders. The platform faces competition from rivals such as JP Jenkins, Vestd, and the London Stock Exchange Group, which have also seen recent activity, including Moneybox and Wayve's employee share sales.