Press releases 2009
London Stock Exchange welcomes Max Property Group to AIM
The London Stock Exchange today welcomed Max Property Group (“Max”) to AIM, its international market for growing companies. Max, which began unconditional trading this morning, raised £220 million on admission to the market.
Marcus Stuttard, Head of AIM, London Stock Exchange Group, said:
“I am delighted to welcome Max Property Group to AIM. This admission demonstrates that despite difficult global market conditions our markets remain very much open for business. AIM remains the world’s most successful growth market, providing high-growth businesses with access to capital, both at IPO and via further issues, through which over £660 million has been raised so far this year”.
Max’s investment strategy is to take advantage of the current cyclical weakness of the UK real estate market through acquisitions, active asset management and judicious use of non-recourse borrowings.
AIM is the world’s most successful growth market, home to around 1450 companies that have business operations and activities in more than 100 different countries, demonstrating its truly global reach, AIM companies have succeeded in raising over £850 million so far this year.
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Notes to editors:
About London Stock Exchange Group:
London Stock Exchange Group is Europe's leading diversified exchange business. It operates Europe's largest and most liquid equity market with over 500 member firms, holds the number one position in trading ETFs and securitised derivatives, and through its interest in MTS, is the leading platform for the trading of fixed income products.
The London Stock Exchange itself is the world's most international exchange with nearly 700 overseas companies from over 70 countries on its markets. It has consolidated this position in the last three calendar years, having attracted 218 international companies which raised over £32 billion between them. These figures include international companies on AIM, the London Stock Exchange's growth market, which has grown to become the world's most successful market for small and medium sized enterprises.
Following its merger with Borsa Italiana in 2007, London Stock Exchange Group also now offers post-trade services such as netting, clearing and settlement on an efficient and competitive basis, and a comprehensive range of European bond trading services through MTS.