Admissions to AIM soar in second qu

The second quarter of 2005 has proved AIM's strongest ever in terms of new admissions and money raised. Between April and June a total of 144 companies were admitted to the market, a 90% increase on the same quarter last year. In terms of the value of fundraising, £1.5bn was raised during the quarter, a 176% increase on the same period last year. This increase in admissions is linked to the introduction of the EU's Prospectus Directive that came into force on 1 July. Until recently, there was uncertainty surrounding the amount of additional regulation, and subsequent time and cost, involved in taking a company to the market. The majority of admissions in the second quarter were from trading companies. A similar flurry of activity occurred in the previous quarter from cash shells also seeking to list before the introduction of restrictions from 1 April. 2005 is AIM's tenth year in operation and it currently sees trading from 1,150 companies with a total market value of over £37bn.

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