Alternative Investment Market


Alternative Investment Market
(AIM) A company's shares can become listed on the Stock Exchange or traded on the Alternative Investment Market which has less demanding entry criteria. The company's shares can be traded in the market at publicly quoted prices. The advantage of having a market in your shares are balanced by increased disclosure and regulation.

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Alternative Investment Market
(AIM)
A securities market established by the London Stock Exchange (LSE) in June 1995 to meet the needs of smaller, growing companies which might not meet the full criteria for a listing on the main market or for whom a more flexible regulatory environment is more appropriate. Originally known as the Alternative Investment Market and abbreviated as AIM, the market is now known simply as AIM.
AIM operates, and is regulated, separately from the LSE's main market for listed companies. The entry criteria for AIM make it possible to gain admission without a trading record, an established management team or any minimum market capitalisation. AIM companies are not bound by the Listing Rules. AIM companies benefit from a more flexible regulatory environment that can act as a stepping stone for those that may aspire to the main market using a simplified admission process.
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Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.