Who would have thought that there could have been so much change in the financial markets in such a short period of time? In early January 2009, I was still fairly bullish that Q2 of 2009 would start to see a recovery in activity.
The Alternative Investment Market, like all other financial markets worldwide, has suffered in the current economic climate. In 2008, only 67 IPOs were successful compared to 222 in 2007. Funds raised last year also dropped significantly, from £6.2bn in 2007 compared to £900m in 2008.