9th Jan 2023 14:26
(Alliance News) - The number of companies listed on AIM in London fell last year, after having risen amid a rebound in initial public offerings in 2021, according the latest edition of AIM Journal.
There currently are 825 companies traded on the London Stock Exchange's junior market, down from 852 at the end of 2021 and just barely above the 819 listed at the end of 2020. Last year saw just 19 new admissions, compared to 87 in 2021, while 2022 also suffered 56 cancellations. The 19 IPO's in 2022 raised a total of GBP135.5 million.
The number of companies traded on AIM in recent years is well down from the 1,694 listed at the end of 2007, the monthly publication noted. Total market capitalisation stands GBP97.9 billion, hardly changed from 15 years ago, meaning the average market value of listed companies has doubled.
However, the current total market cap is down by a third from GBP150 billion at the end of 2021. The FTSE AIM All-Share index declined 32% last year, compared to a 0.9% rise for the globally exposed FTSE 100.
AIM Journal noted that four-fifths of the constituents of the FTSE AIM 100 index ended 2022 lower, and the share of 17 of those at least halved. The worst performer was ITM Power PLC, with a 75% decline.
By Tom Waite, Alliance News editor
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