November 2018: AIM new arrivals - AIM sinks below £100bn value
November 2018 saw a continuation of the AIM sell-off, with few places to hide and AIM’s market value shrinking below £100bn for the first time since August 2017. Not surprisingly, there was little appetite for IPOs, although two companies were prepared to brave the turbulent markets and join AIM. Our Blog comments on the newcomers and an interesting reverse takeover in the energy sector.
At the end of November 2018 there were 926 companies on AIM, with the total market value of London’s growth market £98.3bn. This compares with 928 companies at the end of October 2018 when AIM’s market value was £102.4bn. Excluding readmissions and reverse takeovers, there were two new arrivals and 4 departures in November. Remember to use our AIMsearch tool from the link here to check on the Inheritance Tax qualifying status of all AIM companies. There have been several status changes over the past few weeks. Onto the newcomers… Renalytix AI PLC (AIM: RENX) is a developer of artificial…