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Plus Markets to close

15 May 2012

Plus Markets, the UK market for small and fledgeling companies, is to close, after failing to find a buyer.

Commenting on the closure of the Plus Markets stock exchange, John Hammond, capital markets partner at Deloitte, said:

“The news that the Plus Markets will be winding down in the next six months, after being unable to find a suitable buyer, will come as a blow. The Plus Markets provided competition and an alternative route to market for small cap companies. Most of those will struggle to find a new home. The obvious destination for an alternative listing is AIM, but the admission process to AIM will provide a significant hurdle to many. The vast majority will likely take the opportunity to delist and save the cost of being a public company.”

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