According to new data from Capita Asset Services, there were 42 cash calls by listed AIM firms in February – raising £315m and up 43 per cent on the £221m in the same month during 2013.This comes on top of £5.2bn of capital raised on the market in 2014 – marking a four-year high, and up 52 per cent on the 2013 figure. The total number of IPOs last year, at 79, was the highest since 2007, with consumer services companies like Boohoo and Patisserie Holdings joining the market as they benefited from improving shopper confidence. However, it is financial services which have dominated the market so far in 2015 raising £174m in new and further issues. Capita said this “resurgence” in AIM activity looks set to continue for the rest of this year as an increasing number of UK growing companies look to tap the markets. David Kilmartin, business development director at Capita Asset Services, said: “AIM has sometimes been overlooked, and on occasion has struggled with volatility and liquidity. But the market’s importance to young and growing firms cannot be underestimated. It provides a vital mechanism for companies to access new capital for further growth, or to provide an exit strategy for founders and private equity investors.” He added that AIM was “enjoying a new lease of life” as UK economic strength underpinned demand, especially in the consumer sector. Read more about AIM:
- Why should SMEs consider AIM as a potential route to fund their businesses?
- AIM-listed companies are eroding their own profits
- AIM company investors are entering a golden age
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