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Published on Oct 27, 2016
Brexit
uncertainty saw activity on the UK's flotation market sink to a
four-year-low. However London's junior market thrived with new listings
up 47%, according to Henderson Managed Investment Trusts.
UK Fund Manager at Henderson Colin Hughes told Proactive: The problem for the main market for the larger cap stocks is that most of the stocks are looking for a large sale of secondary stock, typically owned by a private equity house and the market quite correctly interprets a lot of that as being potentially dressed up for sale and that the company and the private equity both view listing on the market as the end of the journey''.
Hughes went to say ''On the AIM market where we're really dealing with growth companies who've got their lives ahead of them, they're looking for investors for primary capital to aid their growth and I think there's a better meeting of minds about where that business is capable of growing and going to over the subsequent years. ''
UK Fund Manager at Henderson Colin Hughes told Proactive: The problem for the main market for the larger cap stocks is that most of the stocks are looking for a large sale of secondary stock, typically owned by a private equity house and the market quite correctly interprets a lot of that as being potentially dressed up for sale and that the company and the private equity both view listing on the market as the end of the journey''.
Hughes went to say ''On the AIM market where we're really dealing with growth companies who've got their lives ahead of them, they're looking for investors for primary capital to aid their growth and I think there's a better meeting of minds about where that business is capable of growing and going to over the subsequent years. ''
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