Mortgage Advice Bureau has moved its listing from AIM to the Main Market of the London Stock Exchange.
The mortgage intermediary’s shares began trading on the Main Market at 8am today, Friday 1 May, under the ticker MAB1. No new shares have been issued as part of the move.
MAB has been listed on AIM since 2014. The company said the move reflected the scale it had reached and the strategic advantages it had built as it pursues its growth objectives.
The group has focused on reshaping how customers access mortgage and protection advice during refinancing and homebuying. This has included earlier and more personalised customer engagement, more diversified lead sources, and greater use of data and AI to improve efficiency and identify a broader range of products and services.
Peter Brodnicki, chief executive of MAB, said the transition represented a natural next step as the business continues to expand its reach, use technology to drive lead flow and adviser productivity, and build lifetime customer value.
He said: “Admission to the Main Market marks an important milestone in MAB’s development, reflecting the scale, quality, and maturity of the business we have built since joining AIM in 2014.
“MAB’s proposition is underpinned by a proprietary technology platform, with AI increasingly acting as a significant enabler, alongside a unique dataset built over 25 years of customer interactions. Together, these capabilities support strong and resilient lead flow across economic cycles, and reinforce our position as a leading, tech-enabled intermediary platform.
“We believe admission to the Main Market is a natural progression for a business of our scale and ambition, enhancing our profile, with the aim of meeting the criteria for inclusion in the FTSE 250 over time.”
