“IPOs are back,” says Russ Mould, investment director at AJ Bell.
“It’s not been the busiest year, but it’s not been the worst either for IPOs,” he tells Proactive.
Mould says there has been a very small, but select band of companies who have made it to market on AIM amid the Brexit chaos, but there were still a number waiting for things to calm down.
Mould says that although corporate confidence may have been knocked, it’s too early to tell when it comes to trading.
But it’s all about sentiment: “You’ve got to be careful what you say, but the market has proved to be remarkably resilient.”
His advice for investors wanting to buy shares in IPOs right now is that you need to find out why the shares are coming to the market in the first place.
“Those are the very simple checks you need to make when you ask whether you should put your hard-earned cash at risk.”