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Will you take AIM in 2013?
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Posted On :
Feb-08-2013
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Article Word Count :
407
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AIM (The Alternative Investment Market) Stock Market has begun 2013 on a cautious yet optimistic note. Although a number of companies have delisted from the market over recent years, the back end of 2012 saw some good news for AIM, The London Stock Exchanges market for younger and growing companies.
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AIM (The Alternative Investment Market) Stock Market has begun 2013 on a cautious yet optimistic note. Although a number of companies have delisted from the market over recent years, the back end of 2012 saw some good news for AIM, The London Stock Exchanges market for younger and growing companies.
In September Eland Oil & Gas raised £118m on the market. This was followed by an even more impressive funding in November by Guernsey based funding vehicle Sherbone Investors, who raised £207m. Other large and high profile flotation’s and fundraisings provided evidence of AIM’s ongoing appeal to companies looking to raise funding against a backdrop of economic uncertainty. Rangers Football Club floated on AIM in December and raised over £22m, enabling Rangers fans to buy shares in their club. Earlier in the year software company WANdisco with offices in Sheffield and California raise £15m, and chose to joined AIM rather than listing on the US NASDAQ stock market.
Although the total number of companies on AIM has reduced in the post-recession years, few would argue that having lost some of its weaker companies, AIM has come through this period stronger and more resilient than ever.
To echo this view, it is noticeable that fewer companies are moving from AIM to other markets which seem to demonstrate AIM companies confidence in the market. In the whole of 2012 only 4 companies delisted from AIM to transfer to other stock markets.
John Holland, Managing Director of Flotation consultants Holland Bendelow said, ‘AIM has always attracted exciting growing companies and naturally not all of these companies have achieved their goals. However, when looking at the quality of the companies on AIM, and the diversity of sizes and sectors represented, particularly in such challenging times for business, the market has shown tremendous resilience’.
Although there have been a few hiccups along the way, AIM has succeeded in retaining some of the UK’s best small companies. There have been challenges for the market over recent years, and currently many market commentators believe it would be helpful to see the new issues market becoming more active again.
John Holland’s view is that this may be set to change too. ‘An encouraging sign is the number of new enquires from companies looking to join AIM has increased over the past 6 months, and we remain cautiously optimistic, but also realistic about the performance of AIM in 2013’.
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Article Source :
http://www.articleseen.com/Article_Will you take AIM in 2013?_249802.aspx
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Author Resource :
John Holland was the former head of the UK regional operation at the London Stock Exchange, with responsibility for both AIM and The Main Market. He has been advising companies since 1995 about stock market flotation and is a regular author of company finance and stock market publications and articles in business and financial press as well as various institutions on the internet.
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Keywords :
stock market flotation, Floating a company, AIM Stock Market,
Category :
Finance
:
Finance
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