Canadian media group JumpTV – which broadcasts a range of subscription-based ethnic television channels via the internet – is seeking to raise up to £31.4 million from investors, ahead of a planned AIM float next Thursday. Canaccord Adams is acting as broker and adviser to the float.

Canadian media group JumpTV – which broadcasts a range of subscription-based ethnic television channels via the internet – is seeking to raise up to £31.4 million from investors, ahead of a planned AIM float next Thursday. Canaccord Adams is acting as broker and adviser to the float.

Led by chairman and chief executive Scott Paterson, formerly boss of Canadian investment bank Yorkton Securities, Jump holds commercial relationships with more than 180 broadcasters in 60 countries and provides 24-hour access via its online network. Just a year ago fewer than 23 channels had signed up.

Viewers pay upwards of US$9.95 a month to access the service, through which they can now tune in to anything from Rwanda TV to ITV Patagonia. Some reports suggest that close to 140,000 individuals have already signed up for various packages.

Jump’s AIM arrival will coincide with the completion of a simultaneous listing on the Toronto Stock Exchange.