Coronavirus impact: 21 July - AIM newcomer defies the odds
An interesting newcomer joined AIM in July, the first true new arrival since March. Hopefully, it will encourage others to join London’s growth market, which has proven remarkably resilient over the pandemic and continues to outperform the main market.
Elixirr: AIM newcomerElixirr International (LON:ELIX), an established, global challenger consultancy, joined AIM earlier in July, raising £20m of new money at 217pence per share. In addition, selling shareholders took £5m off the table with the Group’s market capitalisation on AIM admission £98.1m. Elixirr was founded in 2009 by experienced business advisors who identified a market opportunity to provide bespoke, personal services as a challenger to traditional consultancy businesses. Since 2012, Elixirr has grown revenues by a compound annual growth rate of 32% to 2019, and delivered EBITDA of £7.4m for the year ending December 2019. With offices in the UK,…