AIM ends 2023 more positively
2023 was another difficult year for AIM with plenty of companies leaving and very few new joiners. There was a small rally to close the year, but yet another takeover approach for one of AIM's largest companies isn't welcome news, from our perspective at least. (Free to read)
The AIM index rose 7.1% in December 2023 finishing the year down -8.9%. This means it has fallen around 40% since peaking in September 2021. The decline in AIM’s overall value in 2023 was even more severe than the decline in the index, with takeovers galore seeing plenty of departures, including several of AIM’s larger companies. This resulted in the overall value of AIM companies falling 15.28% to £78.96 billion at the December 2023 year end, its lowest overall value since 2015. While only 14 new companies joined AIM in the year, raising just £57m in the process, 78 companies departed, including…