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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.
