BrewDog raised money through its Equity for Punks scheme, where more than 220,000 fans bought shares hoping to profit from the Scottish craft brewery's rapid growth. At its peak, the business was valued at around $2.7 billion (£2bn) and the scheme was marketed as letting ordinary drinkers invest in a rebellious indie brewery.

Sadly, after years of losses and slowing demand, BrewDog collapsed and was sold to a US firm in March 2026. The deal wiped out the small investors' $100 million (£75m) stake, leaving 'equity punks' with nothing.

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