City partners focusing on London’s Alternative Investment Market (AIM) are watching the market closely after the volume of initial public offerings (IPOs) fell by 32% during 2007.
PricewaterhouseCoopers’ (PwC’s) 2007 annual IPO report – released last month – revealed that AIM saw 220 IPOs in 2007, compared with 325 in 2006, resulting in a drop in value of E4bn (£3bn) to hit E9.5bn (£7.5bn). The fall in activity meant money raised in the London markets as a whole generally fell by 7% to E39.08bn (£31bn).
