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.
The Middle East arm of Deloitte and Touche is being sued by a Dubai-based investment group after it failed to spot money laundering at a now defunct Lebanese bank
Smith & Williamson has named Grant Hotson as group finance director
PwC’s UK risk assurance practice is on track to recruit more than 1,000 technology specialists over the next four years to meet increasing client demand for digital, regulatory and cyber security services
Cowgill Holloway Business Recovery has concluded the sale of assets of film distributor Metrodome to independent movie distributor 101 Films following appointment as administrators