Winterflood Securities is pleased to announce that its Winterflood Retail Access Platform (“WRAP”) has concluded a record number of transactions in the first half of 2025, higher than at any point since inception in May 2023. Over the last few months WRAP has cemented its position as the UK’s leading retail distribution platform, executing over 60% of all the retail offerings across the market.

In June 2025 alone, the WRAP platform has executed ten offerings to retail investors, of which two thirds were oversubscribed, a testament to both resilient retail investor demand and the effectiveness of WRAP itself. 

Notable fundraises through WRAP included the 1.75% index-linked treasury gilt and two digital asset companies:

  • The Smarter Web Company, which capped out its Euro 8m limit in retail fundraising for its new Bitcoin treasury strategy via five offerings, four of which were executed using accelerated book builds.
  • Coinsilium, which raised circa £5 million for its new bitcoin treasury strategy and concluded three fundraising rounds, all of which were oversubscribed.

Joe Winkley, Director & Head of Corporate Services at Winterflood, said: “WRAP has been a major success story for Winterflood since its inception. The volume of recent transactions, all executed successfully, are testament to its effectiveness and the quality of the WRAP team.

“We see continued, resilient retail investor demand for a range of asset classes, despite macroeconomic headwinds. Through WRAP, we can leverage that demand to provide liquidity for our partners. 

“I would like to thank the team for their extraordinary efforts in closing these deals and we look forward to building on this success over the coming months and years.”

Sophia Bechev, WRAP Execution Lead at Winterflood, said: “Despite pervasive negativity around UK capital markets, retail investors have been increasingly active in recent months, displaying an appetite for a range of equities and gilts. By leveraging this demand, we can provide and have been supplying corporates with significant liquidity.

“I am particularly proud of our team’s effective application of WRAP during a period of unprecedented transaction volumes. The ongoing high demand for our WRAP platform indicates a shift in sentiment, with companies really valuing their retail base and investors keen to support new capital raises. During the busiest period we have seen so far, the WRAP platform has demonstrated its resilience, delivering an outstanding service to our partners.”

Tim Jacobs, Head of Primary Markets, Hargreaves Lansdown, said: “Hargreaves Lansdown is delighted to be partnered with WRAP to offer retail investors access to fundraises. We’ve seen significant engagement from our clients in recent WRAP retail offers, cementing the importance of retail investors in providing access to capital and liquidity in UK markets.”  

Steve Lawrance, D2C Business Development Director AJ Bell said: “WRAP has been the most popular retail distribution platform for corporates so far in 2025. We are delighted to see the continued growth of retail participation in primary market transactions executed through WRAP across a broad range of UK listed companies looking to raise capital.”

John Dobson, Head of Investment Solutions, interactive investor, said: “The increase of retail offers over the past few months is testament to companies appreciating the importance and value of their retail investors. We work closely with the WRAP team and value their support and services in this space”

If you would like to discuss WRAP or this announcement in more detail, please contact  Joe Winkley, Director & Head of Corporate Services at Winterflood Securities Limited