AIM IPO values rocket 142% year on year as 2013 Award Winners announced in London

Published at 00:01 AM on 11 October 2013

The AIM market raised €564m through company floats during the third quarter of 2013 – almost 2.5 times more than the amount raised in the same quarter in 2012, PwC has found.

20 IPOs raised €564m compared to 13 IPOs generating €233m in Q3 2012, a 142% increase year on year.

The news comes as 1200 entrepreneurs and envoys of the companies helping fuel the engine room of UK growth converged at the 18th annual AIM Awards Dinner at Old Billingsgate in association with Ford Sinclair.

BBC journalist Sophie Raworth presented awards to the very best of the fast growing entrepreneurial companies on AIM, both UK and internationally based.

David Snell, AIM leader and partner at PwC said:

"The surge in AIM proceeds year on year is further evidence of the fair weather economic conditions which have been on the horizon for so long. With established iconic companies like ASOS and Mulberry gracing  the AIM exchange alongside new trailblazers like WANdisco and Clinigen, it’s clear that entrants old and new have style and substance.

“In the past there have been occasional comments that companies on AIM suffer from poor
governance. PwC research has shown this is not the case. Many companies choose to comply voluntarily with the code adhered to by plcs in the FTSE 350.

“AIM entrants and companies already on the exchange are all grasping the nettle in the wake of the improving climate and regulatory boosts. On 5 August of this year, rule changes allowed AIM stocks to be included in ISAs. Whilst many thought that this wouldn't have a big effect, it has in fact provided a big stimulus to the market with the AIM all share increasing by some 6%, compared to a flat FTSE100.

“It’s fair to say that AIM is prospering, but we need to ensure that we carry on this upward trajectory by providing the springboard for more high-growth companies- both homegrown and international- to evolve. This can only be achieved by making the UK and its capital markets as attractive as possible.”

Marcus Stuttard, Head of AIM at London Stock  Exchange Group said:

“Congratulations to all the winners and also those who were shortlisted. The breadth and depth of winners and nominees this  year reflect the health of the market and confirms AIM’s role as a pre-eminent source of growth finance for some of the UK’s most dynamic businesses. This has been an exciting year for AIM companies with positive developments on ISAs and Stamp Duty, helping to create an environment where these businesses can flourish.”

This year's award winners are:

Best Communication: Vernalis plc

Best Use of AIM: Utilitywise plc

Best Technology: WANdisco plc

AIM Transaction:  Gemfields plc

Best Research: Allenby Capital

International Company: Optimal Payments plc

Best Newcomer: Clinigen Group plc

Entrepreneur of the Year: Robert Forrester – Vertu Motors plc

Company of the Year: Abcam plc

Best Performing Share: Coms plc



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