Quality Check For AIM
By Alex Bellinger, 2nd January 2007 at 2:27 pm
The Times today highlights a story about AIM, the London Stock Exchange’s Alternative Investment Market, introducing much tighter controls on how businesses get listed.
AIM has seen extraordinary growth over recent years, but it seems that quantity has not always favoured quality. Some of the blame for recent high profile failures has been directed at AIM Nomads. These are nominated advisers who help bring companies to the market.
I seem to remember AIM used to be known as the third market many years ago. It was rather unkindly dubbed the ‘Richard III’ market.
It would be a shame to see AIM develop a similar reputation. So it’s to be applauded for any moves that root out unscrupulous flotation, based presumably around lining nomadic pockets.
Tags: AIM, small business, flotation
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