Resurgence of tech IPOs on AIM.

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The latest Tech Barometer from Moore Stephens has revealed that the average enterprise value of technology companies on the Alternative Investment Market (AIM) has reached 111m [pounds sterling]--a 24.9% increase from 30 June 2017 and a 50% increase for the full year.

The continued growth in value of these stocks has resulted in a resurgence of tech IPOs with seven in the second half of 2017, raising 114m [pounds sterling] in total. This is a stark increase to just the one to take place in the previous half-year.

Dougie Hunter, Director at Moore Stephens commented: "Six months ago we predicted an increase in IPO activity and this has certainly been the case. In total, more than 1.2bn [pounds sterling] was raised by technology companies on AIM throughout 2017."

This total figure--1.2bn [pounds sterling]--is four times as much that was raised in 2016. The research unearthed the fact that more than 810m [pounds sterling] was raised from secondary fundraisings in the six-month period to 31 December 2017--this was more than in the previous two years combined and includes the five largest individual company fundraises since 2015.

Hunter continued: "There is no doubt that the...

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