BusinessCorporate FinanceRecord amount raised on AIM in 2006

Record amount raised on AIM in 2006

Grant Thornton finds good reasons to cheer

The small cap
AIM
stock exchange raise almost £10bn in new funds in 2006, according to to research
by
Grant
Thornton Corporate Finance
.

This was over 50% higher than last year (£6.46bn) and more than AIM’s first
10 years of fundraising put together, the firm said.

The record fundraising came despite a significantly slowing rate of market
growth by net company additions which fell by 74% (from 378 net in 2005 to an
expected 217 by the end of the year).

‘Yet again AIM has exceeded all market expectations and reconfirmed itself as
the most successful growth market the world over. Despite a slowdown in the rate
of companies joining the market, the mountain of funds raised is showing no peak
in sight – for the past four years now we have seen each year raise more and
more money,’ said
Philip
Secrett
, partner within Grant Thornton Corporate Finance.

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