The latest Chinese business to choose the AIM Stock Exchange as its investment platform is JQW the e-commerce firm who are rivals with the well-known Alibaba.
The business which was setup as an online venture to assist small businesses in China target a more global audience made the decision to join London’s junior stock market when it came to launching its own growth efforts.
‘The Chinese B2B e-commerce industry is rapidly growing, with reports forecasting transaction values on e-commerce platforms to experience double digit growth over the coming years’, commented Yongde Cai, chairman of JQW. The flotation saw the firm raise £6.7 million with its market admission.
In other news
Double Glazing company Safestyle saw it’s shares see massive growth on its first day of trading on AIM Market, shares in the Bradford based firms flotation was heavily oversubscribed with over 10 million shares traded.
CEO Steve Birmingham said: “We have been delighted with the response in our over-subscribed placing and are very pleased to welcome our new investors.” See more on this story here
The closely watched technology start-up Rosslyn Analytics raised another £2.1 million for a final push in its expansion before its much vaunted AIM flotation in the new year with the money to be spent on product development, sales and marketing operations.
The launch onto the AIM Stock Exchange early in 2014 is expected to value Rosslyn at around £100m with the firm who compete with some giants in the industry including Microsoft and IBM expected to be on a run rate of up to £10m by its IPO.
The AIM listed company XTRACT Resources have recently announced that it has secured funding to grow its portfolio in both Chile and South Africa. The firm plans expansion with the purchases of gold and copper mines in Chépica and phosphate interests at Mejillones and is also looking to make a bid on the Namakwa uranium mine in South Africa.
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