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London Stock Exchange: Record Boost For AIM

Date 14/12/2001

AIM, the London Stock Exchange's international market for growing companies, today welcomed five new companies to its ranks - a record for a single day. Cabouchon Collection plc, Expomedia plc, Inditherm plc, Stagecoach Theatre Arts plc and Telford Homes plc are between them aiming to raise over £14 million through their IPOs.

Chief Executives from the companies were welcomed onto the growth market at a special ceremony at the London Stock Exchange.

Simon Brickles, Head of AIM, said: "AIM has bucked the global trend of lacklustre IPO markets - a remarkable achievement for a smaller companies' market."

In what has been a more difficult year for the IPO market, AIM has demonstrated its strengths. The market has seen a total of 169 admissions, including 89 IPOs for the year to date, with more new admissions expected before the end of the year. AIM alone has accounted for one third of IPOs in Europe this year.

Simon Brickles added: "AIM has established its position as the preferred capital gateway for smaller growing companies. I'm delighted to welcome a record five IPOs to AIM today".

The Exchange is actively promoting AIM overseas and intends to internationalise the market further. Considerable interest has already been shown from such countries as Australia, Canada and Israel, as well as from Europe.

To find out more about AIM visit the AIM section of our site. AIM section of the LSE site.