Flotation back in fashion

Six times more companies joined AIM in the first nine months of this year than in the same period of 2009, research finds.

From January to September, there were 36 new issues on AIM, raising £526.1 million in total.

In the same months last year, only 6 companies came to AIM pulling in £257.8 million between them, less than half this year’s figure, according to research from Growth Company Investor.

David Snell, a partner at business advisory firm PricewaterhouseCoopers, says, ‘After the slow summer months, caution among the investor community seems to be lifting. The increase in offering value and number of IPOs could signal the beginning of a recovery on AIM.’

Recent AIM floats that raised funds include floor tile distributor Asia Ceramics, design agency Fuse8 and small-cap focused investment banking firm XCAP Securities.

Find out more about research from Growth Company Investor into new issues on AIM.

Alan Dobie

Johnathon Jacobs

Alan Dobie was assistant editor at Vitesse Media Plc before moving on to a content producer role at Reed Business Information. He has over 17 years of experience in the publishing industry and has held...