The London Stock Exchange welcomes Max Property Group (Max) to AIM, its international market for growing companies. Max, which began unconditional trading on 27 May 2009 morning, raised GBP220 million on admission to the market.
Maxs investment strategy is to take advantage of the current cyclical weakness of the UK real estate market through acquisitions, active asset management and judicious use of non-recourse borrowings.
I am delighted to welcome Max Property Group to AIM, says Marcus Stuttard, head of AIM, London Stock Exchange Group. This admission demonstrates that despite difficult global market conditions our markets remain very much open for business. AIM remains the worlds most successful growth market, providing high-growth businesses with access to capital, both at IPO and via further issues, through which over GBP660 million has been raised so far this year.
L.D.