AIM IPOs reach 13-year low in Q3

£3m in new equity raised

London’s Alternative Investment Market experienced its lowest number of initial public offerings for one quarter in 13 years in Q3 2022, with just one company listing.

Research conducted by national accountancy group UHY Hacker Young found just £3m in new equity was raised during the quarter, which was significantly lower than the same period last year (£468m). Colin Wright, partner and chair of UHY Hacker Young, said the period of "market turmoil" had made it difficult for businesses to successfully IPO. He said companies that were preparing to list would have been "been forced to hold off until the current volatility subsides". Wright added: "At least two AIM IPOs that were confirmed as flotations for September have been paused. The same will h...