Punk IPO? BrewDog ponders ways to fund new expansion

The craft beer trailblazer is building a hotel in Ohio and plans a push into China. Co-founder James Watt discusses how to fund the expansion drive

BrewDog’s 60,000 “Equity Punk” investors enjoy lifetime discounts and free brews on their birthday as part of the craft beer company’s crowdfunded money-raising scheme. But while BrewDog’s beer may flow freely, the market for its shares is less fluid.

Its latest fundraising effort, launched this week, aims to raise £10-50m to fund expansion in four continents.

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