The AIM Stock Market, or ‘The Alternative Investment Market’, is a Stock Market owned and operated by The London Stock Exchange. The market was established in 1995 as a global Stock Market for smaller growing companies. In the early days of AIM the market was, rather unfairly, considered by some stock market commentators to be simply a stepping stone for companies to join The London Stock Exchange’s larger Main Market.
In recent years, however, the profile and credibility of The AIM Stock Market has grown globally, and now AIM is considered a highly successful growth stock market in its own right. Indeed, AIM now boasts the title of ‘the most successful growth company stock market in the world’.
Because AIM Stock Market companies are not bound by the UK Listing Rules, admission and on-going costs of joining the market tend to be less expensive than those associated with floating on The London Stock Exchange’s Main Market.
Since its launch over 3000 companies have joined AIM, representing a broad range of sizes of companies, from start-up to larger companies valued in excess of £500m. Companies whose shares are floated on The AIM Stock Market also represent many business sectors, ranging from mining, entertainment, retail and support services to software and biotechnology.
In recent years The AIM Stock Market has enjoyed a considerable growth in its institutional stock market investor following. Now investing institutions own over 60% of shares in AIM Stock Market companies. Experienced private investors and venture capital trusts also invest in AIM companies.
A flotation on The AIM Stock Market usually takes between 12-18 weeks. It is sensible, however, to allow an additional time prior to the commencement of the formal flotation timetable to undertake an initial feasibility exercise and to assess financial housekeeping.
The essential AIM Stock Market Guide
Holland Bendelow have recently introduced ‘The Essential AIM Stock Market Guide’ This whitepaper provides further information for companies considering floating on AIM. Being on The AIM Stock Market opens up a whole range of opportunities for growing companies. Download The Essential AIM Stock Market Guide for free now.