Before you start
- The market must exist, and the property's currency must match the market's.
- The property must be active, or already offering, to be published. You can prepare a draft for any property.
- Fractions must be available. See Fractions and pricing.
The five steps
| Step | What you set |
|---|---|
| 1. Property | The market and the property. The panel shows how many fractions are available and the property's fraction price. The draft is saved after this step. |
| 2. Terms | Headline and summary, fractions offered, price per fraction, minimum per order, maximum per client, soft and hard cap, opening and closing dates, the allocation method, the payment deadline and the payment instructions. |
| 3. Fees and returns | Expected yields, target IRR, hold period, distribution frequency, fees, use of proceeds, risks and FAQs. |
| 4. Documents | Required documents investors must acknowledge, and documents to share. |
| 5. Review and publish | Check everything and publish. |
Terms in detail
- Price per fraction defaults to the property's price. Minimum per order and maximum per client default from the property, and a maximum of 0 means unlimited.
- Soft cap: the raise counts as successful above it. Hard cap: the most that can be subscribed. It defaults to the fractions offered.
- Allocation method: first come, pro rata at close, or manual. See Allocation methods.
- Payment deadline: days after approval that the client has to pay. The default is 7.
- Payment instructions: bank name, account holder, IBAN or account number, SWIFT and a reference pattern such as
EH-{order_number}, which gives each order its own reference likeEH-000123. Publishing needs at least the account holder and the account number.
Publish
Choose Publish on the last step. The listing opens straight away when its market is open and its opening time has passed, otherwise it becomes upcoming and opens by itself. Each listing gets a reference such as L-000001.
Opening a listing sets the property to offering. When fractions run out it becomes fully subscribed, and it reopens if fractions are released.
Important: After the first order, changing the price or the number of fractions needs an admin and is recorded. Existing orders keep the price they were placed at. Closed, cancelled and fully subscribed listings cannot be edited.