BusinessCorporate FinanceAIM market booms to record levels

AIM market booms to record levels

The Alternative Investment Market, the stock market for small-cap companies, is experiencing record growth in 2004, with six-months figures already bettering fundraising for the whole of last year, according to Grant Thornton.

Link: AIM set for Australian invasion

The firm analysed data for the first six months of 2004 and found that AIM fundraising was at its highest since the market was established in 1995.

During the second quarter of 2004, AIM experienced growth of 427% in the number of new issues compared to the same period last year with money raised for new issues set to total in excess of £556m.

Even more staggering is its achievement of having already passed the £1bn fundraising level for the first six months of the year, an amount which is more than the new issues fundraising for the whole of 2003.

‘Over the past year, AIM’s international strategy has moved in leaps and bounds, first by establishing the new designated market rules to facilitate international admissions and then by turning overseas interest into tangible listings,’ said Philip Secrett, a partner at Grant Thornton Corporate Finance.

‘Given AIM’s performance for the year so far, and looking ahead, the market is showing clear signs of indigestion and even signs of new issues.’

Related Articles

Grant Thornton recruits new corporate finance partner

Accounting Firms Grant Thornton recruits new corporate finance partner

10m Emma Smith, Managing Editor
Total fraud value at £2bn five-year high, finds BDO

Accounting Firms Total fraud value at £2bn five-year high, finds BDO

11m Stephanie Wix, Writer
MHA MacIntyre Hudson appoints corporate finance director

Accounting Firms MHA MacIntyre Hudson appoints corporate finance director

11m Stephanie Wix, Writer
Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

Consulting Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

11m Stephanie Wix, Writer
KPMG announces senior partner promotion in Newcastle

Accounting Firms KPMG announces senior partner promotion in Newcastle

11m Stephanie Wix, Writer
Independent city firm reports 70% growth

Accounting Firms Independent city firm reports 70% growth

11m Stephanie Wix, Writer
Tax avoidance crackdown sees 80% jump in additional HMRC revenue

Accounting Firms Tax avoidance crackdown sees 80% jump in additional HMRC revenue

11m Stephanie Wix, Writer
Making Tax Digital: the "unexpected item in the bagging area"

Accounting Standards Making Tax Digital: the "unexpected item in the bagging area"

11m Stephanie Wix, Writer