Partner Article

AIM shows its 21st Century durability in 21st year

AIM, the London Stock Exchange’s international market for smaller growing companies, has enjoyed a strong end to the year.

Finishing on a high, the 38 companies that floated on the market in 2016 end the year up more than 39% on average. In addition, 263 companies already quoted on AIM raised more than £3.8bn in further fundraising.

AIM allows businesses to raise nearly £100bn in new and further fundraising. New names to join the market this year include fashion retailer, Joules; chocolatier, Hotel Chocolat and publisher, Time Out Group.

Compared to 10 years ago, the average new AIM company is significantly larger: £88m market cap versus £17m in 2005, raising more capital: £30m versus £5m in 2005.

Marcus Stuttard, Head of AIM and UK Primary Markets, London Stock Exchange said: “As IPO markets worldwide experienced a challenging 2016, AIM again demonstrated why it is recognised as the world’s leading growth market.

“Now in its 21st year, AIM has come of age as a market as the nature and performance of this year’s IPOs illustrates.

“AIM is fulfilling its promise: a global market successfully connecting the real economy: ambitious, small and mid-cap growth companies to institutional and retail investors.”

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