London Stock Exchange welcomes Alpha Group to the Premium Segment of the Main Market
On 2 May, 2024, the London Stock Exchange welcomed representatives of Alpha Group International (LON:ALPH), to the Premium Segment of the London Stock Exchange’s Main Market.
Alpha Group is a high-tech, high-touch provider of financial solutions, dedicated to corporates and institutions operating internationally. The company first listed on the AIM Market of the London Stock Exchange in 2017 with a team of ~ 30 people operating from 1 UK office, annual revenues of £8.5m (FY 2016), and a market cap of ~ £60m; since then it has grown to a team of over 450 people across nine global offices with annual revenue of £110m (FY 2023) and a market cap of ~ £850m.
Explaining its motivation for the move, the company stated:
Our business is growing in size, becoming more global, and gaining interest from increasingly larger clients. We believe that this Main Market Premium listing will serve to further enhance our reputation and support our market penetration as we move into additional countries and engage larger clients. At the same time, Premium Listing standards will align with Alpha's commitment to providing higher levels of governance and disclosure, both of which we know will continue to be well-received by our clients, banking partners and investors alike.
We would like to thank everyone who has been involved in our journey since we first launched back in 2009 for the part they have played in reaching this milestone. Fifteen years later, it still feels like we’re just getting started, and we now look forward to continuing our work with everyone as we embark on this next stage in our journey!
"Alpha Group has demonstrated that FinTechs can join AIM, the world's best growth market with less than £10m of revenue and deliver 10x share price growth in 7 years. We look forward to the next chapter on our Main Market and wish Morgan, Tim and team, all the best."
Neil Shah
Head of Tech, Primary Markets, London Stock Exchange plc
