ALTERNATIVE INVESTMENT MARKET


The Alternative Investment Market (AIM) is London Stock Exchange’s market for smaller and growing companies. Launched in 1995, AIM serves as a mechanism for companies seeking access to capital to realise their growth and innovation potential in different sectors of the economy. Since its launch in 1995, more than 3,100 companies have joined AIM, mainly because of its specific regulation which facilitates a smooth transition to become a public company; the possibility to rely on a network of advisers that is experienced in supporting companies in this process, and on an international investor base to raise funds. In particular, AIM’s entry criteria respond to the needs of smaller and growing companies: no trading record is required, there is no minimum size criteria and there is no prescribed level of shares to be in public hands. Once admitted to AIM, the company is supported by a network of expert advisers and must work closely with the Nominated Adviser (Nomad). The Nomad's role is to guarantee that the company operations are reasonable for shareholders through the flotation process and during its subsequent time as a public company. There are two sets of rulebooks, the "AIM Rules" issued for companies, and one for Nomads, the AIM Rules for Nominated Advisers.
Link:http://www.londonstockexchange.com/companies-and-advisors/aim/aim/aim.htm
Editor: Bianca GIANNINI
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