RetailBook

RetailBook (Retail Book Limited, FRN 994238) is an FCA-authorised UK primary issuance platform, authorised since 2 April 2024, with independent operations launched in September 2024. It connects retail investors with IPOs, follow-on equity raises and fixed income offerings via a distribution network of partner brokers and wealth managers. Reported funding rounds include £2.5m in March 2024 and a £4.5m Series A in May 2025 led by Augmentum Fintech.

So what: direct FCA authorisation provides a regulatory framework; investments still carry market risk and are not capital-protected. Capital is at risk.

RetailBook acts as a technology layer between issuers and retail distribution channels. When a company launches an IPO, follow-on offer or bond issuance, RetailBook handles allocation to retail investors through its network of partner intermediaries, streamlining subscription and settlement. Investors typically access opportunities through their existing broker or wealth manager connected to the RetailBook network.

Access to IPO allocations, follow-on raises and bond offerings being distributed to retail investors. Minimums are set per offer; reported examples include £50 or £250 entry sizes (offer-specific, unverified). RetailBook generally does not charge investors a direct commission — partner brokers may apply their own fees. There is no platform-operated secondary market; investors trade acquired securities through standard market channels post-issuance.

Suited to UK retail investors who already hold accounts with partner brokers and want access to primary issues that are otherwise hard to source via standard retail channels. Investors should be comfortable reading issue documents: offerings can carry meaningful risk including limited liquidity, dilution and potential loss of capital. Tax wrapper availability (ISA, SIPP) depends on the partner broker and specific offer.

RetailBook is one of the more credible attempts to widen retail access to UK primary markets — direct FCA authorisation, institutional backing from Augmentum, and a broker-distribution model that doesn't push investors into a standalone account. The track record under the RetailBook name is still short (independent operations from late 2024) and the public-facing site has shown 'Launching Soon' messaging in places, so confirm specifics per offer. Watch fees imposed by the partner broker, not just RetailBook itself.