AIM is a well-established source of capital and forum for deals, while the PLUS Quoted market is striving to carve a niche at the junior end of the corporate spectrum. Winners of the Growth Company Awards tell Robert Tyerman how they are seizing the opportunities that these exchanges provide.
An online ethical fashion retailer has joined AIM primarily to fund its projected growth and create an own-label collection. Adili raised £1.5 million after it placed more than 8.5 million ordinary shares at 17.5p each.
Companies from the Middle East and North Africa have raised a total of £1.37 billion in AIM initial public offerings (IPOs), according to a report from Growth Company Investor, a sister title of GrowthBusiness.
Over half of the companies listed on the Alternative Investment Market (AIM) are valued under £20 million, making them perfect targets for acquisitive companies.
API Group, a manufacturer of packaging materials, has completed its move to AIM and cancelled its shares on the London Stock Exchange’s main market. The move follows cash flow problems disclosed late last year, which API resolved through an open offer underwritten by its two largest existing shareholders, raising £8 million.
