David Beckham Buying Shares At 1P -Now Worth 14P

[barnaclebill58]

The Times reports that he bought shares for £250 000 at 1p each in Cellular Goods at the end of January. They were sold at 5p before an IPO yesterday and are now worth 19p .
How come he gets £250 000 offered for 1p a pop when Joe Public got a maximum of £500 and then 2.85% to a maximum allocation of £2500 at 5p a pop. I'd be rich too if I got opportunities like that.

[bednobs]

you are rich already if you could have afforded £250 000 to buy shares

[bednobs]

ps how do you know his financial dealings?

[TonyV]

I don't know a definitive answer, but I suspect he did not personally buy the shares, more likely to be an offshore company that he has interests in or owns.

[Mamyalynne]

https://www.proactiveinvestors.co.uk/companies/news/942473/david-beckham-is-5mln-richer-as-cannabis-firm-sees-premium-stock-market-debut-but-hes-not-the-only-premier-league-star-to-score-as-an-investor-942473.html

[bednobs]

i just looked at the story - he was a backer/investor before it started trading. I know nothing about the stock market, but isn't that different?

[Arksided]

Man United, Real Magrid... I think he married a Posh bird as well. He sure doesn't need the money.

[royfromaus]

Was he a backer of the company?

[TonyV]

bednobs I think if it's a limited company, shareholders names are in the public domain.

[TonyV]

Arksided Victories stage name posh spice, did not reflect her in real life lol

[Arksided]

I know ;-)

[barnaclebill58]

Bednobs -I'm reporting what the Times said .

[bednobs]

yea, i realised after i had posted :)

[dance2trance]

It takes money to make money. Always been that way.