LSE: Alternative Investment Market
AIM (Alternative Investment Market) is the London Stock Exchange's global market for smaller, growing companies. Good companies from different sectors and different countries are welcome on AIM. Since AIM opened in 1995, more than 1,200 companies have been admitted. Collectively, these companies have raised more than 14 billion US dollars whilst on AIM.
There are no specific suitability criteria for companies to qualify for AIM. However, under the AIM rules, all companies must produce an admission document making certain disclosures about such matters as their directors' backgrounds, their promoters, business activities and financial positions.
Importantly, all AIM companies are required to have a nominated adviser (popularly known as a "nomad") from the register of such advisers published by the Exchange. This nominated adviser is responsible, amongst other duties, for warranting to the Exchange that a particular company is appropriate for AIM. This is an important quality control for AIM and a very serious responsibility upon the nominated advisor.
Once admitted to AIM, a company has certain ongoing disclosure requirements and needs to retain a nominated adviser at all times. Ordinarily, once a company has been on AIM for 2 years it will have the opportunity to seek admittance to the main market by using a special expedited procedure.
Contact details
The London Stock Exchange
10 Paternoster Square
London EC4M 7LS
Tel: 020 7797 1000
www.londonstockexchange.com