Since its launch in 1995, the London Stock Exchange's Alternative Investment Market (AIM) has experienced many ups and downs.
As recently as two years ago (the market's 20th anniversary), investors had little to celebrate as 72% of the companies that had been admitted to trading on AIM over the past two decades reportedly never delivered a return for IPO investors. 22 not out: Why AIM remains a force to be reckoned with In the past, the AIM has received criticism for its light-touch regulation, including the comments from the SEC in 2007 describing it as a "casino", the range of quality of nominated advisers (nomads) and brokers, and being "clogged up by a large amount of sediment" at the bottom end or small...
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