Parity’s proposed switch to AIM signals acquisitions, Recruiter learns
13 May 2013
IT recruiter and technology solutions provider Parity Group is set to switch its shares listing from the London Stock Exchange to the Alternative Investment Market (AIM).
Mon, 13 May 2013IT recruiter and technology solutions provider Parity Group is set to switch its shares listing from the London Stock Exchange to the Alternative Investment Market (AIM).
An anonymous source close to the company says that the move will allow it raise money more cheaply as it looks to pursue its strategy of acquiring businesses in the UK digital market. In May last year Parity acquired Inition, a 3D technology business.
Meanwhile, Adrian Kearsey, equity analyst at Hardman & Co, tells Recruiter: “One of the main reason why AIM has been so successful over the last 15 years is that companies are able to go to investors without having to produce huge amounts of costly documentation.”
Kearsey says that companies raising money on the main market must meet legal and accounting, as well as regulatory requirements.
An anonymous source close to the company says that the move will allow it raise money more cheaply as it looks to pursue its strategy of acquiring businesses in the UK digital market. In May last year Parity acquired Inition, a 3D technology business.
Meanwhile, Adrian Kearsey, equity analyst at Hardman & Co, tells Recruiter: “One of the main reason why AIM has been so successful over the last 15 years is that companies are able to go to investors without having to produce huge amounts of costly documentation.”
Kearsey says that companies raising money on the main market must meet legal and accounting, as well as regulatory requirements.
- Recent weeks have seen the lengthy process of another recruitment firm heading in the opposite direction, with Healthcare Locums expecting to delist from the same market on 3 June.
