The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.

AIM set to strike new admissions record

         Following a roaring performance in terms of new admissions and

         money raised on the AIM market in 2004 the first quarter of 2005

         is set to witness a new record in the number of companies admitted

         to AIM (130) but also the market's lowest fundraising performance

         since the forth quarter of 2003. In the first three months of this

         year a total of almost £519m has been raised. The figure

         represents a drop in new funds raised of 43% on the previous three

         months.

 

         "Whilst  total admission numbers may be about to set a new record,

         fundraising  levels  have been below expectations and funds raised

         underpinned by a small number of substantial equity issues each in

         excess  of  £20 million", says Philip Secrett, partner within Grant

         Thornton's  Corporate  Finance  team.  "Following  the  Exchange's

         clampdown  on  the  number of cash shells coming to market through

         the  introduction of new AIM Rules to come into effect on 1 April,

         a large number of cash shells have been squeezed under the wire to

         beat  the deadline, meaning that over half (53%) of this quarters'

         intake  of  new  companies  have  been  shells. 

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of acces below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£68.33 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree