While some of our portfolio members have recently done or announced a AIM transactions – its seems that this might be the exception rather than the rule.The AIM did far less transactions during the first quarter of this year than in the previous one.
Quarter one [Q1] of 2007 ranks as the worst performance in three years (since Q1 2004, 53 admissions) and represents a drop of over 50% compared to this time last year (Q1 2006 – 121 admissions).
I don’t actually see much of a slowdown in the interest or push for AIM transactions. It is by all accounts (perhaps not all, but many) the best place to raise money.From where I sit the Chinese Stock market issues that was responsible for a number of delayed transactions in early February was primarily the cause. I know that on this side of the Atlantic quite a few TSX listing were delayed or canceled due to market timing issues as several advisor’s had trouble maintaining the soft book numbers for their deals.It’ll be interesting to see what the Q2 AIM numbers look like.