AIM reaches £100 billion raised mark

  • AIM the world’s most successful growth market, reaches £100 billion raised through IPO and Secondary issues in it’s 22nd year
  • Since 1995, more than 3,500 UK and international companies have joined AIM to raise growth capital
  • New AIM companies in 2016 up 39 per cent post-IPO; raised record average of £30m
  • Market maturity demonstrated in development over the last ten years

London Stock Exchange today announces that AIM, the market for smaller growth companies, has helped companies from the UK and around the world to raise more than £100 billion, underlining its status as the world’s leading growth market.

Founded in 1995, AIM has been a source of long term, growth capital for more than 3,500 companies from around the world. Of the almost 1,000 companies quoted on AIM today, 290 are headquartered or have the majority of their operations outside the UK. Last year alone more than 300 companies used the market to raise new or further development capital, underlining its unparalleled capacity to act as a vital source of permanent capital.

In the three years following the financial crisis, AIM businesses raised more than £16bn, providing a crucial lifeline to companies caught in the period’s economic turbulence. In total, more than £58bn has been raised via further issue by AIM companies and investment in the market today is now split evenly between retail and major institutional investors.

The market finished 2016 on a high as the 38 companies that floated on AIM, including household names such as Joules, Hotel Chocolat and Time Out Group, ended the year up more than 39 per cent on average.

This success is one of many signs of AIM’s increasing maturity as a market. Post-IPO performance over the last three years has been: +16 per cent on average. And compared to 10 years ago, the average new AIM company is significantly larger: £88m versus £17m in 2005 and raising more capital: £30m versus £5m.

Xavier Rolet, CEO, London Stock Exchange Group said:
“AIM is a jewel in Britain’s financial crown, a uniquely successful global market created in the UK. It is fulfilling its promise to fund the real economy, supporting ambitious, innovative, job creating growth companies. The firms in London and across the UK that support AIM should feel immensely proud of this achievement. This is yet more evidence of London’s unique financial ecosystem that distinguishes it as a leading global financial centre.”


AIM: - Key statistics

New AIM company average performance

2016

+39%

New AIM company average performance

2014-16

+16%

New AIM company average market cap

2014-16

£88m

AIM company average market cap

2005

£17m

Average money raised at IPO

2014-16

£30.3m

Average money raised at IPO

2005

£5m


AIM – A global market

AIM is truly a market for companies from around the world. Of the almost 1,000 quoted AIM companies, 290 are headquartered or have the majority of their operations outside the UK.

Country or region

Number of companies

Total market capitalisation £m

Africa

63

2,543

Asia Pacific

28

1,785

Australia

24

1,079

Canada

11

521

CEE

10

675

China

18

1,991

India & Bangladesh

3

36

Israel

21

946

Latin America

5

332

Middle East

3

151

Russia & CIS

29

1422

USA

39

1,988

Western Europe

53

5,964


Top performing new AIM companies 2016

Issuer

Admission date

Money raised at IPO

Current market cap

Share price performance

Sector

Country of Primary Business

Blue Prism Group plc

18-Mar-16

21.1

£261.3m

438.5%

Software & Computer Services

United Kingdom

Franchise Brands plc

05-Aug-16

3.5

£31.8m

101.5%

General Retailers

United Kingdom

MaxCyte Inc

29-Mar-16

10.0

£59.0m

93.6%

Pharmaceuticals & Biotechnology

United States

Hotel Chocolat Group plc

10-May-16

55.5

£318.2m

90.5%

Food Producers

United Kingdom

Yu Group plc

17-Mar-16

10.0

£45.7m

75.7%

Gas, Water & Multiutilities

United Kingdom

Cerillion Technologies Ltd

18-Mar-16

10.0

£37.5m

67.1%

Software & Computer Services

United Kingdom

Directa Plus plc

27-May-16

12.8

£54.4m

64.0%

Chemicals

Italy

Harwood Wealth Management Group plc

29-Mar-16

13.5

£73.7m

63.6%

Financial Services

United Kingdom

Angus Energy Plc

14-Nov-16

23.0

£21.0m

62.5%

Oil & Gas Producers

United Kingdom

Filta Group Holdings plc

04-Nov-16

6.2

£33.4m

49.4%

Support Services

United Kingdom


Top performing new AIM companies 2014-16

Of particular note has been the variety of the highest performing new AIM companies over the last three years. They operate in sectors as diverse as beverages to high end software and IT. They all joined AIM with relatively large initial market capitalisations, demonstrating the market’s ability to fund high growth mid-caps as well as smaller businesses. 

Issuer

Admission date

Money raised at IPO

Market cap

Share price performance

Sector

Country of Primary Business

Fevertree Drinks

07-Nov-14

£93m

£247m

691.8%

Beverages

UK

4D Pharma

18-Feb-14

£16m

£61m

622.5%

Pharmaceuticals & Biotechnology

UK

Blue Prism Group

18-Mar-16

£21m

£47m

438.5%

Software & Computer Services

UK

Gear4music

03-Jun-15

£10m

£43m

211.2%

Leisure Goods

UK

Quartix Holdings

06-Nov-14

£11m

£87m

203.9%

Software & Computer Services

UK

Fulham Shore

20-Oct-14

£1.6m

£32m

189.6%

Travel & Leisure

UK

 


- Ends -

 

 

For further information: 

Media

 

Tom Gilbert

+44 (0)20 7797 1222

newsroom@lseg.com

 

Notes to editors:

About London Stock Exchange Group:

London Stock Exchange Group (LSE.L) is an international markets infrastructure business. Its diversified global business focuses on capital formation, intellectual property and risk and balance sheet management. LSEG operates an open access model, offering choice and partnership to customers across all of its businesses. The Group can trace its history back to 1698.

The Group operates a broad range of international equity, ETF, bond and derivatives markets, including London Stock Exchange; Borsa Italiana; MTS (Europe's leading fixed income market); and Turquoise (a pan-European equities MTF). Through its platforms, LSEG offers market participants, including retail investors, institutions and SMEs unrivalled access to Europe’s capital markets. The Group also plays a vital economic and social role, enabling companies to access funds for growth and development.

Through FTSE Russell, the Group is a global leader in financial indexing, benchmarking and analytic services with approximately $10 trillion benchmarked to its indexes. The Group also provides customers with an extensive range of real time and reference data products, including SEDOL, UnaVista, XTF and RNS.

Post trade and risk management services are a significant part of the Group’s business operations. In addition to majority ownership of LCH, a multi-asset global CCP operator, LSEG owns CC&G, the Italian clearing house; Monte Titoli, a leading European custody and settlement business; and globeSettle, the Group’s CSD based in Luxembourg.

LSEG is a leading developer and operator of high performance technology solutions, including trading, market surveillance and post trade systems for over 40 organisations and exchanges, including the Group’s own markets. Additional services include network connectivity, hosting and quality assurance testing. MillenniumIT, GATElab and Exactpro are among the Group’s technology companies.

Headquartered in the United Kingdom, with significant operations in North America, Italy, France and Sri Lanka, the Group employs approximately 3,500 people.

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