January 2016 – AIM new arrivals and departures
It’s been a tricky start to 2016 for equity markets which hasn’t encouraged new issuance on AIM with no genuine new arrivals in the month, although there were 2 re-admissions, several departures and a notable move to the main market. When equity markets settle down again we can look forward to a rush of IPO activity! Our updated AIMsearch search tool offers guidance on which AIM companies benefit from the valuable tax benefits. For more on the exciting readmissions read on…
At the end of January 2016 there were 1,031 companies on AIM with a total market value of £68.26bn. This compares with 1,044 companies on AIM at the end of December 2016 when the market value was £73.07bn. The readmissions were Castle Street Investments (AIM:CSI) and CityFibre Infrastructure Holdings (AIM:CFHL). Castle Street Investments was temporarily suspended as it agreed to acquire Selection Services Investments, a UK focused provider of IT solutions and Cloud services, for an enterprise value of £34.8m. The transaction was deemed to be a reverse takeover, hence the suspension. The rejuvenated Castle Street, which has exited its…