13th Jun 2025 08:38
(Alliance News) - Tap Global Group PLC on Friday said it will soon join London's junior AIM market, ditching the AQSE Growth Market as it expects to report "record revenue".
The London-based provider of app-based cryptocurrency payment and settlement services expects to float on AIM on June 27, and have a market capitalisation of around GBP12.3 million.
Tap Global had started trading on the access segment of the AQSE Growth Market in January 2023.
Chief Executive Officer Arsen Torosian said: "While much of the growth of e-money platforms has happened in private markets, our move to AIM provides a unique opportunity for public investors to participate on the London Stock Exchange in a proven, profitable, and high-growth fintech journey. Our strategic ambition is to make Tap the digital finance platform of choice globally for the large and growing number of people and businesses seeking money and crypto services in one place."
The firm said: "The board considers admission to be in the best interests of the company and its shareholders given the growing scale of the business and its mission to create a seamless and fully regulated bridge that links fiat payments, traditional assets and crypto markets."
It added: "Tap Group recently announced that it expected to report record revenues and a first full year of positive earnings before interest, tax, depreciation and amortisation in the financial year ending 30 June 2025. The board believes AIM is a more appropriate market for the company and will enable it to attract a wider pool of investors and improve liquidity over time." It will not be raising new capital as part of the admission.
Tap Global shares rose 3.3% to 1.55 pence each on Friday morning on the AQSE in London.
By Tom Budszus, Alliance News slot editor
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