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The Alternative Investment Market (AIM) is a sub-market of the London Stock Exchange, allowing smaller companies to float shares with a more flexible regulatory system than is applicable to the Main Market. The AIM was launched in 1995 and has raised almost £24 billion for more than 2,200 companies. Flexibility is provided by less regulation and no requirements for capitalization or number of shares issued. Some companies have since moved on to join the Main Market, although in the last few years, significantly more companies transferred from the Main Market to the AIM (The AIM has significant tax advantages for investors, as well as less regulatory burden for the companies themselves). In 2005, 40 companies moved directly from the Main Market to the AIM, while only two companies moved from the AIM to the Main Market. The Source by Greyworld, in the new LSE building Paternoster Square. ...
The term company may refer to a separate legal entity, as in English law, or may simply refer to a business, as is the common use in the United States. ...
An initial public offering (IPO) is the first sale of a corporations common shares to investors on a public stock exchange. ...
This article does not cite any references or sources. ...
Financial supervision is government supervision of financial institutions by regulators. ...
Market capitalization, or market cap, is a measurement of corporate or economic size equal to the stock price times the number of shares outstanding of a public company. ...
The AIM has also started to become an international exchange, often due to its low-regulatory burden, especially in relation to the Sarbanes-Oxley Act (though only a quarter of AIM-listed companies would qualify to list on a U.S. stock exchange even prior to passage of the Sarbanes-Oxley Act[1]). As of December 2005 over 270 foreign companies had been admitted to the Alternative Investment Market. Before the signing ceremony of the Sarbanes-Oxley Act, President George Bush meets with Senator Paul Sarbanes, Secretary of Labor Elaine Chao and other dignitaries in the Blue Room at the White House on July 30, 2002. ...
The independent FTSE Group maintains three indices for measuring the AIM, which are the FTSE AIM UK 50 Index, FTSE AIM 100 Index, and FTSE AIM All-Share Index. FTSE Group (Footsie) is a British indices and associated data services provider. ...
The FTSE AIM UK 50 Index index was introduced on 16th May 2005, and is a market capitalisation weighted stock market index incorporating the largest 50 UK companies by capitalisation which have their primary listing on the Alternative Investment Market. ...
AIM is the London Stock Exchanges international market for smaller growing companies. ...
The FTSE AIM All-Share Index index was revised from the previous FTSE AIM Index on 16th May 2005, and is a stock market index consisting of all companies quoted on the Alternative Investment Market which meet the requirements for liquidity and free float. ...
Criticism In March 2007, U.S. securities regulator Roel Campos suggested that AIM's rules for share trading have created a market like a "casino". Campos reportedly said: "I'm concerned that 30% of issuers that list on Aim are gone in a year. That feels like a casino to me and I believe that investors will treat it as such.".[2] The comment resulted in several angry retorts, including one from the LSE, which controls AIM, pointing out that the number of companies that go into liquidation or administration in a year is actually fewer than 2%. Liquidation, or winding up, refers to a business whose assets are converted to money in order to pay off debt. ...
Administration is a procedure under the insolvency laws of a number of common law jurisdictions which functions as a rescue mechanism for insolvent companies and allows them to carry on running their business. ...
AIM has since issued new rules requiring that listed companies maintain a website [1].
Trends In March 2007 the Daily Telegraph noticed a tendency to use listing vehicles incorporated in Offshore Financial Centres prior to floating on AIM. Some 35% of the companies floated on AIM during 2006 were from OFCs, of which the majority came from the Channel Islands or the British Virgin Islands.[3] This article deals with The Daily Telegraph in Britain, see The Daily Telegraph (Australia) for the Australian publication The Daily Telegraph is a British broadsheet newspaper founded in 1855. ...
An offshore financial centre (or OFC), although not precisely defined, is usually a low-tax, lightly regulated jurisdiction which specialises in providing the corporate and commercial infrastructure to facilitate the use of that jurisdiction for the formation of offshore companies and for the investment of offshore funds. ...
This article is about the British dependencies. ...
References - ^ Doidge, Karolyi and Stulz "Has New York Become Less Competitive in Global Markets? Evaluating Foreign Listing Choices over Time"
- ^ Treanor, Jill "City hits out over US 'casino' jibe at Aim" The Guardian 10 March 2007
- ^ Essen, Yvette "Aim market: Offshore attractions for the 'sophisticated' investor" 12/03/2007
See also Growth Enterprise Market (Traditional Chinese: ) is a stock market set up by Stock Exchange of Hong Kong for growth companies that do not fulfill the requirements of profitability or track record. ...
Nominated adviser - Nomad is a firm or company which has been approved by the London Stock Exchange (LSE) as a nominated adviser for the Alternative Investment Market (AIM) and whoose name has been placed on the register of nominated advisers published by the London Stock Exchange. ...
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