Two companies announced plans to list on small cap index Aim this morning, providing a glimmer of hope markets are returning to normal following recent turbulence.
Haversham, a specialist investment management company focusing on the automotive sector, and The Mortgage Advice Bureau, a UK-wide network for mortgage intermediaries, both announced plans to be admitted to Aim during the coming months.
Founded by former Universal Salvage and Autologic boss Avril Palmer-Baunack, Haversham said it plans to raise £30m to buy stakes in companies valued at between £250m and £1bn.
Although MAB did not specify how much it was planning to raise, it said it expected to begin paying dividends "from next year".
The news comes following the cancellations of three major IPOs in recent weeks. Last week webuyanycar.com owner BCA Marketplace pulled its listing, while Aldermore and Virgin Money both cancelled their IPOs earlier this month.