Elixirr’s AIM listing is hoped to secure the capital necessary to accelerate its expansion strategy, while seeing all Elixirr employees become shareholders in the company
Management consultancy Elixirr has sought to bolster its rapid growth track by going public on the London Stock Exchange. Elixirr’s AIM listing is hoped to secure the capital necessary to accelerate its expansion strategy, while seeing all Elixirr employees become shareholders in the company.
Founded in 2009, Elixirr has worked with over 150 clients in 25 countries across Europe, North America, Africa, Asia and Australia. Listed by the Financial Times FT1000 as one of the fastest growing management consultancies in Europe, the company has rapidly diversified its client base by industry and geography, with a focus on forging long-term relationships with clients.
Built on a culture of entrepreneurship, the challenger consultancy is looking to take its growth track to the next level, by listing itself with AIM on the London Stock Exchange. A statement from Elixirr suggested that admission to the exchange “will help to strengthen our position in international markets, raise the profile of the Elixirr brand and acquire new capabilities,” while helping to instil a sense of ownership among its employees, as it will see all employees become shareholders in the firm.
Stephen Newton, Founder and CEO of Elixirr, said of the news, listing on AIM today marks an incredible chapter in Elixirr’s story. Not only will it give us the platform to accelerate our ambitious growth plans, but it will further the ownership mentality within our talented team – of building a business, not just working for one. The vision I had for the firm in 2009 remains – to become a world-leading consultancy. Admission to the exchange will further support our reputation as the challenger consultancy and provide the capital to accelerate our integrated strategy, building on the great platform we have created.
Elixirr’s public listing with AIM on the London Stock Exchange is the first IPO the sub-market since the start of the UK coronavirus lockdown. Having recently celebrated its 25th anniversary in business, the Alternative Investment Market has admitted over 3,800 companies since its launch in 1995, raising a combined £118 billion in equity capital over that period according to recent research by Grant Thornton. In 2019, AIM-listed companies contributed £33.5 billion gross value added to UK GDP, and directly supported more than 430,000 jobs.
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