Mortgage Advice Bureau has completed its move to the Main Market of the London Stock Exchange, ending its time on the Alternative Investment Market (AIM).
The company’s ordinary shares, each valued at 0.1 pence, have been admitted to the Equity Shares (Commercial Companies) category of the Official List and are now trading on the Main Market. At the same time, its shares have been withdrawn from AIM, where it had been listed since 2014.
The business operates across estate agency, new-build housing, and national digital lead sources, engaging customers earlier in the home-moving process. Its operations are supported by a proprietary technology platform, including increasing use of artificial intelligence, alongside a dataset built from 25 years of customer interactions.
The move gives the firm access to a wider investor base and positions it for potential inclusion in the FTSE 250 index in the future.
Keefe, Bruyette & Woods acted as sponsor, nominated adviser and joint broker on the move. Berenberg and Peel Hunt LLP also acted as joint brokers.