LSE’s AIM Claims 38 IPOs for 2016 with Average Raise of £30 Million

lse-aim-20AIM (Alternative Investment Market), a sub-market of the London Stock Exchange (LSE), has released their end of year numbers. Accoring to AIM, they have had a pretty good year:

  • New AIM companies in 2016 up 39% post-IPO
  • 38 IPOs raised record average of £30m
  • Market used as permanent source of growth capital –  £3.8bn in further fundraising for 263 companies
  • Market maturity demonstrated in statistics over the last ten years

AIM was launched in 1995 to help provide access to capital for smaller firms under a more flexible regulatory approach. Companies from across the UK and elsewhere have raised nearly £100bn in new and follow-on funding. AIM points to multiple well-known UK brand names as using the marketplace, including fashion retailer, Joules; chocolatier, Hotel Chocolat and publisher, Time Out Group.

Big Ben London UKAIM states that compared to 10 years ago, the average new AIM company is significantly larger: £88 million in market cap versus £17 million in 2005, raising more capital: £30 million versus £5 million in 2005.

“As IPO markets worldwide experienced a challenging 2016, AIM again demonstrated why it is recognised as the world’s leading growth market. Now in its 21st year, AIM has come of age as a market as the nature and performance of this year’s IPOs illustrates. AIM is fulfilling its promise: a global market successfully connecting the real economy:  ambitious, small and mid-cap growth companies to institutional and retail investors,” stated Marcus Stuttard, Head of AIM and UK Primary Markets.

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