Alpha Group Wants To Move Its Listing from AIM To the LSE’s Main Market

Alpha Group, a fintech company based in the UK, has applied to move its listing to the main market at the London Stock Exchange (LSE).

The fintech consultancy firm seeks this move as part of its expansion plan. The firm has previously been listed in the LSE’s Alternative Investment Market (AIM). Its stock has traded in this market since 2017.

Alpha Group now wants its shares migrated and moved to the premium listing section of the LSE. By doing this, the stock will list on the LSE’s main market, exposing it to more liquidity and high trading volumes.

Alpha Group Wants to List at LSE’s Main Market

Alpha Group debuted at the AIM exchange, which is preferred by small startup companies because of having favorable rules. For instance, the AIM offers a minimum-free float, which cannot be found in the LSE’s main market.

Furthermore, the LSE’s main market also comes with more strict rules and requirements. Companies listed on this market have to comply with requirements on different aspects such as revenue.

Despite the LSE’s shortcomings and lack of a friendly framework for smaller startups, the exchange allows companies to access a vast pool of investors. They also have a chance to increase their capital because of high liquidity.

LSE’s Main Listing Is Part of Expansion Plans

Alpha Group believes that the growth of its business has created a need to list at the LSE’s main market. The company said that its global reach was expanding, and it needed this listing to grow its reputation and assist in expanding the market reach and meeting the needs of larger clients.

Our business is growing in size, becoming more global, and gaining interest from increasingly larger clients. We believe that a Main Market Premium listing will serve to further enhance our reputation and support our market penetration as we move into additional countries and engage larger clients,” Alpha Group said.

The LSE main market also enhances the need for companies to abide by the highest levels of governance and disclosure. Alpha Group believes that the strict requirements will be beneficial as the company seeks to become more transparent with its investors.

The company noted that it was currently maintaining the appropriate levels of governance and disclosure, and its efforts were being taken well by clients, investors, and banking partners. The moved listing will build upon this commitment, and help boost the company’s reputation.

Alpha is currently awaiting approval. If the application is successful, the company’s shares will likely start trading on the LSE in May. In its statement, the LSE noted that the move still requires approval from the Financial Conduct Authority (FCA).