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MJ Hudson consultancy lists on AIM

London_Stock_ExchangeMJ Hudson, a London-based asset management consultancy, has issued shares on London’s Alternative Investment Market.

The firm raised £31.4 million from new and existing investors, meaning that MJ Hudson – which specialises in private market clients – has a market cap of £97.6 million.

Matthew Hudson, chief executive, said support from the market had been strong, particularly “as many IPOs have struggled in the current environment”.

The Thursday (12th) flotation coincided with the UK General Election. Hudson said: “When we set the timetable for our listing, that was certainly not on the agenda, but we have been able to execute successfully, despite the unavoidable distraction of the political noise.”

He said senior management had not sold any shares and had invested further in the firm, accelerating growth in the “core asset management markets” of UK, Europe and the US.

MJ Hudson – founded in 2010 – has in the past 12 months opened an office in New York and made an acquisition. Hudson said finance from the shares would enable more M&A.

Alpha FMC, another London-based asset management consultancy founded in 2003, floated in 2017.

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