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Hornby Set to Depart London Stock Exchange for JP Jenkins Platform
Toy manufacturer Hornby is poised to become the latest company to withdraw from the London stock market after nearly four decades of trading publicly. The model train producer will delist from the junior Alternative Investment Market (AIM) this Thursday, having initially floated its shares in London back in 1986. This move underscores a growing trend of firms seeking alternative trading venues.
Access to Trading for Major Investors
Despite exiting AIM, significant investors will retain the ability to trade Hornby stock as the company transitions to JP Jenkins, a specialized platform. This platform is designed to facilitate trading in unlisted securities, providing access for institutional investors like pension funds, as well as wealthy individuals.
JP Jenkins Gains Popularity
Hornby will be the twentieth enterprise to join JP Jenkins this year alone, highlighting the platform’s increasing appeal. Notable additions include English winery Gusbourne, which joined in the previous month, luxury yacht builder GYG, and fashion retailer Superdry.
Capitalizing on the Trend of Companies Going Private
Hornby, the model train manufacturer, is leaving the AIM market after listing in London in 1986.
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JP Jenkins is currently benefiting from a surge of companies opting to leave the conventional London stock market in favor of private status, while still desiring a mechanism for their shares to be traded among investors. This trend reflects evolving preferences in the corporate landscape and the financial markets.