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magazine19th AIM alumni to rise up the ranks and join the FTSE 250
Investors in any doubt about AIM’s role as a breeding ground for growth companies might be encouraged by Stevia sweeteners maker PureCircle (PURE) which this month joins the FTSE 250 index.
The company is the 19th former junior market member to have moved to London’s Main Market and eventually qualify for the FTSE 250, thanks to impressive growth in the value of its business, now worth £834m.
PureCircle moved from AIM to the Main Market in October 2015, at the time valued at around £745m. It originally floated in December 2007 with a market cap of £224.2m.
The company’s peak valuation was in excess of £1.2bn on a 637.5p share price, in January 2014, but its AIM listing at the time excluded it from joining the premium indices.
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