Alternative market listings show strong start to the year

 
Michael Bow
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CASH raised by newly listed firms on the junior market has increased five-fold compared to last year, underscoring the record breaking start for floats.

Between January and the end of June this year, £1.35bn was raised by companies choosing to list shares on the Alternative Investment Market this year, compared to £248m in the same period last year, figures show.

A total of 41 companies listed new shares, versus 22 over the same period last year.

However, the figures are far below the pre-recession peak of 2007, when £3.3bn was raised by debuting companies on the exchange, although 2014 is still the second highest total raised on the exchange.

The Alternative Investment Market is used by smaller growing companies and was founded nearly 20 years by the London Stock Exchange, which compiled the figures.