Guernsey Home To 2014's Largest AIM Listing
by Jason Gorringe, Lowtax.net, London
06 January, 2015
Guernsey-incorporated Market Tech Holdings Limited was the largest listing of 2014 on the Alternative Investment Market (AIM) of the London Stock Exchange.
The GBP750m (USD1.15bn) Initial Public Offering was combined with an oversubscribed placing that raised GBP100m before expenses. Market Tech is a retail and property company with a portfolio including eleven acres of real estate assets in London's Camden Town.
Gavin Ferguson, Managing Partner of Appleby Guernsey, which represented Market Tech, said: "The initial public offering of Market Tech is another example of an innovative business choosing Guernsey as its jurisdiction, given the inherent flexibility and benefits that Guernsey offers. It also caps off a stellar year for the Appleby corporate team in Guernsey."
The AIM is unique in that it has historically provided smaller businesses with the opportunity to raise capital. However, these investments are generally seen as being more risky, albeit with higher returns than typical investments in blue chip companies. Companies listing on the AIM benefit both from less onerous regulatory requirements and tax incentives.
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