Rapidly expanding IT services consolidator Maxima (MXM) is set to complete its ninth and largest acquisition on AIM to date with the £18 million cash and shares purchase of computer services business 3net.
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Former Welsh sheep farmer Richard Griffiths, founder of broker Evolution, has shepherded his new investment boutique, Ora Capital Partners, to AIM alongside a £35.2 million funding at 120p.
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eXpansys (XPS), a retailer of “smartphones” and handheld devices, received a warm welcome from investors on its debut today. The Manchester-based group, which joined AIM alongside a £10 million placing at 58p arranged by broker Cenkos, dialled up gains of 28 per cent at 74.5p.
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Yesterday, Stephen Wicks and Nishith Malde, the duo behind successful land developer Country & Metropolitan, brought their latest project to AIM in the form of Inland (INL), which specialises in buying ‘brownfield’ sites.
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Shares in equipment rental outfit Northbridge Industrial Services (NBI) sped ten per cent higher to 160p on Monday.
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AIM floats scheduled for the week before Christmas include Sabien Technology, a UK venture with the rights to a system known as ‘M2G’, which helps to cut energy consumption by up to 35 per cent in commercial and industrial boilers.
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Many pairs of peepers will converge on full year results from former AIM darling Sportingbet on Thursday following the US government’s recent online gambling crackdown.
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More than 100 companies from Silicon Valley, a centre for high-tech businesses in California, are apparently considering flotation on AIM, with the high cost of listing in the US under Sarbanes-Oxley working in AIM's favour.
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Thirty companies quoted on AIM as 'cash shells' face cancellation of their listing this week, as the London Stock Exchange (LSE) clamps down on 'investment companies' yet to delight backers with a deal.
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Biopharmaceutical development play ValiRx is joining AIM via a reversal into shell outfit Azure Holdings.
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