UK-based fintech consultancy Alpha Group is preparing to move its listing to the London Stock Exchange’s (LSE) primary market as part of its expansion strategy.
Previously known as Alpha FX, the firm has been listed on the LSE’s Alternative Investment Market (AIM) since 2017. It has filed for admission of its shares to the premium listing segment of the LSE, allowing them to be traded on the main market.
The AIM exchange is popular among smaller startups due to its flexible regulations, such as a minimum-free float requirement. In contrast, the LSE’s main market has stricter standards, particularly concerning revenue, but it offers access to a broader range of investors and greater capital opportunities.
Alpha Group stated, “Our business is growing in size, becoming more global, and gaining interest from increasingly larger clients. We believe that a Main Market Premium listing will further enhance our reputation and support our market penetration as we expand into additional countries and engage larger clients. At the same time, Premium Listing standards will align with Alpha’s commitment to providing higher levels of governance and disclosure, which we know will continue to be well-received by our clients, banking partners, and investors alike.”
If Alpha’s application is successful, the new listing is expected to begin in early May.