Uncertainty around macroeconomic and political factors globally, as well as close to home, has been the key driver.
This comes after an extended period where the IPO market in the UK was buoyant for smaller companies – with AIM at the heart of this.
AIM has been growing up as a market. Over the past decade, the total number of companies listed on AIM has reduced meaningfully, but the quality and market capitalisation of companies has risen.
The quality of AIM IPOs has also improved, with a steady flow of exciting growth companies demonstrating good long-term prospects joining the market in recent years.
Gresham House plc (LON:GHE) is an AIM quoted specialist asset manager providing funds, direct investments and tailored investment solutions, including co-investment across a range of highly differentiated alternative investment strategies.