TWO BUSINESSES successfully completed initial public offerings (IPOs) following advice from James Cowper.
Wealth management advisers EW Group and biotechnology specialists Bioventix joined London Stock Exchange’s Alternative Investment Market (AIM) index, after appointing James Cowper as reporting accountants.
The EW Group transaction involved a reverse acquisition of European Wealth Management Group by the AIM listed company. Bioventix’s first-time listing was completed in the four-week timeframe required for guaranteed listing.
James Cowper head of corporate finance Nick Rogers said AIM is currently “experiencing a revival”, with the two listings part of an increasing number of monthly transactions.
He said: “Confidence in the economy is continuing to grow and economic forecasts are predicting growth at pre-2008 levels. Private equity houses are looking to increase their portfolios, investing in well-organised and committed management teams, and in sectors with significant development opportunities. The stock market is once again becoming a central hub of investment.”
Last week, BlackRock head of UK equity James Macpherson warned a recent flood of IPOs was resulting in “rushed” listings that could lead to a drop in quality and share price.
Benady Cohen & Co. in Gibraltar has officially adopted the RSM brand and will operate as RSM Gibraltar
The top ten firm has appointed a new partner to its receivables management team
Appointments have been made to the audit, outsourcing, management accounting and human resources teams
Richard Kateley of Legal & General discusses the advantages of close cooperation between accountants and financial advisers