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The Alternative Investment Market AiM was established in 1995 by the London Stock Exchange as a junior market for high growth venture companies. The London Stock Exchange now calls it is the most successful growth market in the world. Here are some reasons why:
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 Self regulated market - so Nominated Advisor (Nomad) determines suitability for listing
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More flexible regulatory environment
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Streamlined admission process and simplified procedures for raising capital on a secondary listing.
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Possible to complete a listing within 3-6 months in some cases
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No trading record required although desirable
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No minimum amount of shares in free float
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Compliance in hands of Advisors
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AIM Performance:
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Since launch in 1995, nearly 1,600 companies have been admitted, including almost 150 (and growing) overseas companies
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Over 100 have moved to the Main Market in London |
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Total market capitalisation is over US$60Bn |
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AIM market value has increased by over 90% in the last 12 months |
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Very active IPO market with over 220 new issues last year raising nearly US$5Bn |
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An estimated 130 companies listed 1Q 2005 |
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London Stock Exchange officials are building AIM into the international Nasdaq but with a more sensible, flexible and cost effective regulatory scheme. It is quickly becoming the market of choice for high growth companies seeking a platform for international growth.
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