{
  "id": 14436338,
  "title": "Everyman to become the first company to ditch Aim for Pisces market",
  "url": "https://urgent.news/2026/10/14/everyman-to-become-the-first-company-to-ditch-aim-for-pisces-market",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-14T11:25:32.000Z",
  "source": {
    "name": "City AM",
    "slug": "city-am",
    "url": "https://www.cityam.com/everyman-to-become-the-first-company-to-ditch-aim-for-pisces-market/"
  },
  "original_language": "en",
  "account": "Luxury cinema operator Everyman is poised to become the first company to abandon its London listing in favor of the private markets platform Asset Match’s Pisces system. The move, set to take effect on November 12 subject to shareholder approval on October 30, would see Everyman join the platform instead of its current Aim listing. By doing so, Everyman aims to provide investors with secondary trading opportunities through periodic auctions, marking a departure from the continuous trading that previously occurred on Aim. Iain Baillie, founder and executive chair of Asset Match, highlighted the significance of this move, stating that it showcases how the Pisces framework can support well-established consumer brands seeking a more adaptable alternative to traditional public listings. However, Everyman anticipates potentially lower liquidity on Asset Match compared to Aim, as the platform will have less frequent trading and less time for shareholders to assess stock value between auction events. Despite the potential challenges, Everyman's inclusion in Pisces bolsters the platform's competitiveness against the London Stock Exchange, which already hosts notable companies like Wayve, Moneybox, and Veremark. The decision comes after three directors, who collectively own nearly 46% of Everyman's shares, expressed their preference to exit the London public market in June. They believe that the company's market value does not accurately reflect its positive achievements and future prospects. By shifting to private ownership, Everyman aims to implement more drastic measures to ensure its survival amidst the challenging landscape of the cinema industry, where competition from streaming services poses a significant threat. The company plans to diversify its revenue streams by reducing its reliance on ticket sales and increasing corporate partnerships and private cinema rentals, with the goal of achieving annual revenue of £170 million by the end of the decade. This strategic pivot may lead to a period of volatility in Everyman's performance, potentially impacting its share price if it remains on the public market.",
  "summary": "Luxury cinema chain Everyman is set to ditch its London listing for a private markets platform, after facing heavy pressure from key shareholders. The London-headquartered group is set to join Asset Match’s Private Intermittent Securities and Capital Exchange System (Pisces) on 12 November, subject to shareholder approval on 30 October. The move would make Everyman [...]",
  "key_points": [
    "Everyman plans to abandon London listing for Asset Match’s Pisces system on November 12.",
    "Founder Iain Baillie sees Pisces as adaptable alternative to traditional public listings.",
    "Three directors own nearly 46% of Everyman’s shares and seek to exit London market."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}