Since its inception in 2012, London based Aquis Exchange has gone on to become the ninth largest equity trading company in Europe. In the last three years, the firm has gone from trading an average of €2-€17 billion pcm, and this success was cemented with yesterday’s IPO.
Following £12 million in new shares and an additional £20 million from the sale of the 20% stake held by the Warsaw Stock Exchange, Aquis had a market capitalisation of £73 million as stock markets opened yesterday morning.
Within the first hour of trading on the Alternative Investment Market, the firm’s share price rallied 21.7%, with its share value jumping from 269p to 333p.
Preceding the firm’s listing on AIM, its founder Alsdair haynes commented, “We are delighted to list Aquis Exchange on AIM. Aquis is disrupting the European trading landscape with a unique operating model underpinned by subscription-based pricing and a compelling offer to traders which combines good liquidity with market-leading low levels of toxicity.”
Going forwards, Aquis will hope to capitalize on prior deals between its services arm, Aquis Technologies, and the Estates and Infrastructure Exchange, and invest its recently acquired funds in its software licencing capabilities and its sales and marketing divisions.