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Listings on AIM hit pre-recession levels

Initial public offerings on AIM raise £2.2bn in last year, UHY Hacker Young finds

FUNDRAISING generated from listings on the London Stock Exchange’s junior market more than trebled last year, in another sign of the UK IPO market’s return to health.

According to research from accountants UHY Hacker Young, the Alternative Investment Market (AIM) raised £2.2bn from 76 company flotations in the year to March – the biggest year for IPOs on AIM since before the financial crisis.

In March 2014, £617m was raised through ten IPOs on the market, the biggest single month for money raises since July 2007, two months before the run on Northern Rock.

The float of online clothing retailer Boohoo.com led the way as the largest AIM listing of 2014 to date, raising £300m in mid-March, the firm said.

Laurence Sacker, partner at UHY Hacker Young, said: “There hasn’t been a two billion pound year for AIM IPOs since the credit crunch, so this is a significant milestone in the junior market’s return to growth.”

“The string of successful IPOs so far in 2014 should persuade more businesses that listing on AIM is once again a very viable way to raise funds for growth. There are already five AIM IPOs scheduled for the first two weeks of April, and many more companies are pushing forward with their own plans.”

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