Smarter Web's MORE preferred shares begin London trading
A new preferred-share instrument began Main Market trading after a £10 million IPO, adding a financing channel to a listed Bitcoin treasury business.
The Smarter Web Company reported that its MORE preferred shares began trading on the London Stock Exchange's Main Market on October 14, 2026, following a £10 million initial public offering. Trading was a later stage than the September prospectus and retail offer.
Preferred shares create a financing instrument with rights different from ordinary equity. For a company combining an operating business with a Bitcoin treasury strategy, that provides another way to obtain capital and structure investors' exposure to the enterprise.
The listing did not turn the preferred shares into bitcoin or give every shareholder direct control of the company's coins. Investors held a corporate security whose rights depended on its terms and on the issuer's finances.
The October event was the opening of public trading in that particular instrument. It documented the continuing development of capital-market structures around Bitcoin treasury companies, rather than merely another addition to an existing coin balance.