Press releases 2008
15 May 2008
European Globally Focused Companies Continue To Come To AIM
- German-based TGE Marine AG floats with expected market cap of £158.25m
The London Stock Exchange today welcomed the flotation of German-based TGE Marine AG on to AIM, the world’s leading growth market. TGE Marine AG is a leading provider of engineering services and has raised £23.7 (€29.8)[i] million on the Exchange’s markets. It follows 41 new issues on AIM from January to April this year, raising £374.5 (€470.6) million. The total money raised during the same period on AIM was £1.74 (€2.19) billion. TGE Marine AG is the eighteenth company from Germany to float on AIM and it brings the total number of European companies (excluding the UK and Channel Islands) on the market to 131.
Germany is a strong market for AIM. The flotation of TGE Marine AG comes after a comprehensive marketing programme which most recently included a series of successful AIM Roadshows held in Frankfurt and four other European cities, highlighting London’s pre-eminent position to investors and issuers as a leading international market for growth companies. Half of the companies from Germany have joined AIM in the last two years.
Commenting on the flotation, Tracey Pierce, Head of Primary Markets at the London Stock Exchange, said:
“We are delighted to welcome TGE Marine AG to AIM. AIM has an established track record of providing growing companies from around the world with the capital and profile they need to grow their business. With £4.51 (€5.67) billion raised by European companies (excluding the UK and Channel Islands) on AIM, we believe that the market is a highly attractive financing choice for companies looking to grow their business and to access international investment capital.”
All 18 German companies have chosen AIM because it is an internationally focused growth market and matches the global profile of their businesses. The companies have a combined total market cap of £1.8 billion and have raised a total of £1.49 (€1.88) billion, which is 33% of the total amount raised by European companies. These companies range from the real estate, biotechnology, leisure and cleantech sectors.
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Notes to editors
Since its launch in 1995, AIM has developed into the world’s leading market for smaller, growing companies. There are now a total of 1675 companies quoted on AIM from 38 sectors, and AIM companies have raised over £57.6 (€72.4) billion since the market’s inception.
AIM has proved itself to be particularly attractive to companies based outside the UK, and there are now over 596 international companies quoted on the market represented by more than 30 different countries and 38 business sectors.