Boohoo returns to the AIM top spot, but small pharma is dominating the headlines
At the end of April 2020 there were 840 companies on AIM, with the total market value £88.5bn. This compares to 843 companies at the end of March 2020 when AIM’s market value was £74.3bn. Ignoring reverse takeovers there were no new arrivals in the month and three departures.
AIM followed other major stock markets in enjoying a strong bounce in April but, not surprisingly given the very challenging environment, London's junior market didn’t attract any new arrivals. Remember to use our updated AIMsearch tool from the link here to check on the Inheritance Tax qualifying status of all AIM companies. With its business model proving more resilient than many other retailers in the current crisis, by the end of the month, online retailer Boohoo Group (LON:BOO) had regained the top spot as AIM’s largest company with a market capitalisation of £3.8bn. Despite generating £1.4bn less revenue than its online rival ASOS…