AIM

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AIM is the London Stock Exchange's international market for smaller but growing companies. The London Stock Exchange created AIM to offer smaller companies the opportunity to raise capital on a market with somewhat more flexible regulatory rules. Companies do not need a particular financial track record or trading history to join, and there is no minimum requirement for size or number of shareholders.

AIM lists a variety of businesses from start-ups backed by venture capital to established organizations looking to expand. AIM has its own rulebook, written in plain English to make the rules as transparent and comprehensible as possible. The rulebook is updated through an ongoing process of consultation between the exchange and the AIM community, to ensure that the rules remain practicable and appropriate for smaller growing companies.

More than 2,500 companies have joined AIM since its launch in 1995. They have raised more than £34bn in the process, through both initial public offerings (IPOs) and further capital raisings. Many companies have made the transition to the exchange's main market following their success on AIM.

AIM has a large and diverse community of stakeholders which includes a variety of market participants including: companies, nominated advisers, AIM brokers, market specialists, investors, and the exchange's AIM team.

The AIM team includes specialists in areas related to the market who are on hand to provide advice, information and support for AIM participants.

Specialist advisers range from dedicated Nominated Advisers (Nomads) to lawyers, accountants and brokers. Also playing a role are public relations (PR) and investor relations (IR) agencies who help companies join the market, and market committees and publishers focused on AIM and its companies.^[1]

As of 2005, AIM was the second largest European market by number of companies after the London Stock Exchange’s own main market.^[2]