GB Group shares rose on Tuesday after the identity technology firm announced its intention to move from AIM to the main market of the London Stock Exchange.
GB Group is the latest company to cancel its AIM listing in favour of the main market as the AIM market continues to shrink through cancellations and a lack of IPOs.
Investors will hope that the shift to the main market will reinvigorate interest in the group’s shares, which have declined by 26% over the last year and are now worth roughly 75% of their peak value in 2021.
In an accompanying trading update, the company stated that its performance year-to-date has been in line with board expectations. Combined with its current sales pipeline, GB Group said it will meet its full-year revenue outlook, which aligns with market expectations.
Performance was reasonable in FY25, with revenue growing 3% and adjusted operating increasing 9%.
GB Group shares were 4% higher at the time of writing.