Smarter Web Price Target Soars 90% After Proposed IPO

TD Cowen has significantly increased its price target on The Smarter Web Company to £0.73 ($0.99) per share, indicating a potential 90% upside from current levels.

The investment bank maintained its Buy rating, citing the company's proposed MORE preferred share IPO as a key catalyst for improved capital efficiency and a broader funding toolkit.

Smarter Web currently holds 2,747 BTC on its balance sheet, making it the only scaled Bitcoin treasury vehicle accessible to UK institutional investors.

The MORE preferred share offering aims to raise between £15M and £25M in gross proceeds, with funds earmarked for broadening funding options, supporting acquisitions, and covering working capital needs.