Smarter Web Company, a UK web services firm with a Bitcoin treasury, saw its shares rise over 6% following the launch of an IPO for preferred shares aiming to raise £15-25 million. The preferred shares, called MORE, offer a 12% annual dividend paid weekly and have preferential rights over ordinary shares. The IPO, approved by the FCA, requires at least £10 million to proceed, with retail subscription closing on October 9 and trading expected to start on October 14. The company also reported holding 2,747 Bitcoin as of September 30 and has reduced borrowings under its Coinbase Credit Facility using proceeds from share sales.
Smarter Web Company shares rose over 6% following the launch of their preferred share IPO targeting £25 million. For readers following the Technology sector, here is Pluang's market snapshot as of Oct 01, 2026 14:21 WIB: out of 150 priced US tech stocks, 94 rose and 50 fell. Notable movers include BOX at USD 33.65 (+2.73%), ENTG at USD 158.22 (+2.70%), and TER at USD 411.61 (+2.67%).
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