How pet cover and fashion helped Octopus scoop £1bn
- On April 8, 2021
- By GrowthInvest Marketing
The Octopus Titan VCT has become the first investment of its kind to hit a £1 billion valuation.
VCTs are publicly listed companies that buy shares of other companies to make profits for their own shareholders. Investors can buy and sell shares in the trusts on the market. They are a type of investment trust, like the popular Scottish Mortgage trust, but they –invest only in young, small and typically unlisted companies.
Due to their early stage nature, these companies are higher risk and statistically more likely to fail. To encourage this investment, investors in VCTs get 30 per cent income tax relief and returns are tax-free.
The Octopus Titan VCT, with assets of £1.1 billion, is by far the largest in the market.
GET IN TOUCH!
CALL US020 7071 3945
FOLLOW US ON
Throughout our site you will find links to external websites. Although we make every effort to ensure these links are accurate, up to date and relevant, we cannot take responsibility for pages maintained by external providers.