A £1.6bn (€2.3bn) burst of secondary offerings by quoted companies on London's Alternative Investment Market in the third quarter helped boost fundraising volume to 45% over the same period last year, despite a shortage of new companies coming to the market in September.

Secondary offerings accounted for £1.6bn, almost half the £3.3bn total raised in the third quarter of this year. In 2006, there was £1.3bn raised through primary offerings on Aim, almost three times the value raised through secondary issues. Overall fundraising last quarter was 45% higher than the same period last year.