Baker Tilly and Faegre & Benson have recently published their annual survey on the Alternative Investment Market (AIM), which finds that despite its lack of listings in 2009 AIM showed its resilience throughout.
The survey argues that, out of the financial crisis, AIM has emerged as ‘coming of age’. It found that the average market value of an AIM company in 2009 (£44 million) was almost double that from the year before (£24 million). Furthermore, while there were few IPOs in 2009, investors continued to support companies on the market by taking part in secondary fundraisings, which increased from £3.2 billion in 2008 to £4.8 billion in 2009.
However, the survey suggests that IPOs are not going to come rushing in and that recovery will be slow. But, the majority of companies and institutional investors do expect some improvement in AIM’s performance over the next year.
To find out more about the survey, please visit Baker Tilly's website.