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Article: Aim moves out of the shadows.(Alternative Investment Market)
- Article from:
- Financial Advisor
- Article date:
- July 21, 2005
CopyrightCOPYRIGHT 2005 FT Business. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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AFTER a decade, 1240 companies and AGBP40.5bn later the Alternative Investment Market is no longer seen as the FTSE All-Share's younger, poorer relation.
Since June 1995, when the market was set up by the London Stock Exchange as a nursery stock exchange for smaller companies, more than 1800 companies have collectively raised more than AGBP15.9bn capital from it.
Andrew Buchanan, manager of the best-known collective Aim investment offering, the Close Beacon Investment fund, believes the market was no longer a rite of passage for smaller companies seeking an eventual listing on the main FTSE.
In fact, Mr Buchanan said getting listed on the Aim ...