London, Feb 6, 2026, 16:10 (GMT) — Regular session.
- London saw no fresh company IPOs on Friday; instead, AIM activity focused on share admissions linked to placings and warrant exercises.
- 80 Mile jumped 11.1% to 1.055p, with Ethernity Networks climbing 14.6% to 0.0047p in late trading.
- Traders are eyeing more share admissions lined up for next week, with another 80 Mile admission scheduled for Feb. 10.
London’s main market saw no new IPOs on Friday, leaving its equity calendar empty. The spotlight turned to AIM, the junior market, as new small-cap fundraising stocks began trading there.
This matters because the market is trying to figure out if easing-rate expectations will lead to a wider reopening for new listings. Instead, most of the activity still comes from placings — discounted share sales to investors — and warrant exercises, which can cause big price swings in thinly traded stocks.
The broader market held steady. The FTSE 100 gained roughly 0.2% in afternoon trading, buoyed by major banks, following the Bank of England’s hint that it might lower rates if inflation continues to fall.
Ethernity Networks surged 14.6% to 0.0047 pence, pulling in over 2.3 billion shares traded, according to LSE.co.uk data.
The move came after a sizable stock issuance. Ethernity revealed a £367,500 placing at 0.004p per share, with 9.1875 billion new shares set to join AIM at 8:00 a.m. Friday. Alongside, an equal number of warrants, exercisable at the same price for 12 months, will be issued. Chief Executive David Levi said the company is now “better positioned for recovery and growth” following cost cuts. London South East
In resources, 80 Mile climbed 11.1% to 1.055 pence. Late trade saw turnover surge past 67 million shares.
The exploration and development firm with projects in Greenland, Finland, and Italy announced it issued 29.4 million shares after advisers exercised warrants at 0.27p and 0.35p. Admission to AIM is anticipated around 8:00 a.m. on or near Feb. 6.
The company announced on Thursday that a separate exercise of 10 million adviser warrants is expected to be admitted around Feb. 10, raising questions about the market’s capacity to handle another influx of shares.
Beyond equities, the exchange’s daily admissions list revealed fresh exchange-traded products, featuring crypto-linked offerings from issuers like 21Shares, along with other newly admitted securities.
But the very mechanics that fund AIM stocks can also undercut early gains. Discounted placings and frequent warrant conversions tend to push spreads wider, while selling from fresh shareholders can swiftly wipe out any initial price jump.
Investors in Ethernity are waiting on the circular that will confirm the date for the shareholder meeting to approve the warrants and broader share authorities, as well as progress on its 2026 revenue goals. For 80 Mile, the key date is Feb. 10, when admission will test demand against dilution.
