London’s junior stock market has seen the number of firms listing nearly double this year, in a shot in the arm for the City.
Some 16 firms listed on AIM through initial public offerings (IPOs) in the year to July 31, compared to nine in the year before, according to accountancy group UHY Hacker Young.
And the average amount of new cash raised per listing was £9.9m, an increase from £6.8m in the previous year.
Boost: London’s junior stock market has seen the number of firms listing nearly double this year, in a shot in the arm for the City
Aim IPOs include investment company Selkirk and AI firm Sundae Bar.
Colin Wright, chairman of UHY Hacker Young, said: ‘We are starting to see green shoots of recovery in the AIM market with an increase in the number of IPOs in the last year.
‘Even in a tough economic environment, some ambitious businesses are finding investors ready to back them.
‘That should give confidence to other companies considering a listing.’
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