38 companies to float on AIM in 2016 finish year up 39% on average

Blue Prism Group, Franchise Brands, MaxCyte Inc, Hotel Chocolat Group and Yu Group listed as top performing new companies on AIM

The 38 companies to float on the Alternative Investment Market (AIM) in 2016 have ended the year up more than 39% on average, while the 263 firms already listed raised more than £3.8bn in further fundraising.

Launched in 1995, AIM has now helped its listed companies raise close to £100bn in new and further fundraising.

This year has seen some major floats including the debut of chocolatier Hotel Chocolat, a £40m IPO for conference call company LoopUp, Yü Energy’s oversubscribed IPO and publisher Time Out Group’s £90m IPO.

The last three years have seen the size of new companies undergo a significant increase, with the average new AIM company now at an £88m market cap, compared to £17m in 2005 and raising an average of £30m, compared to £5m in 2005.

The news is an encouraging sign of a return to health after 2015 was thought to be the “worst year” for new issues since 2009, though the number of companies de-listing from AIM rose 20% in the year to October 2016.

The top performing new AIM companies in 2016 were Blue Prism Group, Franchise Brands, MaxCyte Inc, Hotel Chocolat Group and Yu Group.

Marcus Stuttard, head of AIM and UK primary markets at the London Stock Exchange, said: “As IPO markets worldwide experienced a challenging 2016, AIM again demonstrated why it is recognised as the world’s leading growth market.

“Now in its 21st year, AIM has come of age as a market as the nature and performance of this year’s IPOs illustrates. AIM is fulfilling its promise: a global market successfully connecting the real economy: ambitious, small and mid-cap growth companies to institutional and retail investors.”

 

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