Twickenham-based Elephant Loans & Mortgages, catering for the 'non-standard market', wants to raise £650,000 with an AIM float at 3p, advised by ARM Corporate Finance.
Leading London metal trader Wogen, which specialises in trading metals that do not have tradable contracts on exchanges, will join AIM on Monday after raising £20 million at 122p a share.
AIM welcomed its first Bangladeshi company this morning, when shares in generic drug manufacturer Beximco Pharmaceuticals started trading at a 5p premium to the 60p placing price.
Institutional investment in AIM companies continues to rise steadily, with institutions now controlling some 40.9 per cent of the market, a statistic revealed by Growth Company Investor's third annual market survey.
Online football betting specialist Betex, now raising £3 million on OFEX, plans to join AIM to attract another £7 million of investment and has already appointed broker Numis to assist.
Broker John East has raised £5.5 million at 100p a share for Vimio – a Swedish university spin-out with an eye on the mobile data market – ahead of its £25.5 million AIM flotation next week.
For companies eyeing flotation, perhaps the greatest headache is securing a team of advisers to guide you through the IPO process. Fortunately, the level of expertise available remains reassuringly high, as this year’s Growth Company Awards prove.
American entrepreneur George Karibian, who has already built up one £47 million telecoms business in Europe, hopes to stage a repeat performance in Britain in the traditionally prosaic field of office equipment.
Acquisitive bookmaking group ubet2win, which has pitches at courses in England and Ireland and is advised by Beaumont Cornish, is introducing its shares onto AIM tomorrow at 3.5p.
