Quality Check For AIM

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

Alex is the founder and editor of SmallBizPod, the UK's first podcast dedicated to small business, start-ups and entrepreneurship. Alex writes about topical small business issues, entrepreneurs and anything else that catches his eye here on the small business blog. http://www.smallbizpod.co.uk