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The City: Smart investors take AIM
Investors are becoming increasingly attracted to London’s Alternative Investment Market, the exchange that many fledgling companies use to make their initial offering of shares to the public. The costs of doing so are fairly cheap compared to the main market, and the hurdles companies have to jump to achieve approval from the stock exchange are less onerous. In some senses, that should serve as a health warning to investors because AIM-listed companies can and do collapse, but so can their bigger brethren – Railtrack and Marconi, for example. ...
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