Our AIM admission experts can help and advise your company at each and every stage of achieving an AIM listing.
- Review of appropriateness of flotation and choice of stock market.
- Time-schedule, planning and budgeting of the transaction.
- Preparation and review of business plan and financial model.
- Business valuation.
- Introduction and approaching pre-IPO investors.
- Introduction to nominated advisers (NOMADs) and stock brokers.
- Liaising with the stock market authorities.
- Assisting with prospectus preparation.
- Additional services such as tax advisory, contact to brokers and law firms.
The requirements for admission to AIM
In order to list your company on AIM, there are a number of requirements that you will be required to meet. Below we list these requirements, in addition to other key issues that your company should consider prior to proceeding with an admission to AIM.
To meet the AIM listing requirements, you must:
- select and appoint a nominated adviser (NOMAD)
- be deemed ‘appropriate’ for the market, as judged by company’s nominated adviser
- appoint a broker
- prepare an admission document
- have no restrictions on the free transferability of your company’s shares
- pay a flat rate annual fee (this depends on your company’s size)
- complete the application form which should be signed by the directors
Other issues for consideration:
- appointing a legal adviser, reporting accountant, and investor relations adviser
- readiness to be open in terms of your company’s finances, business strategy, new development announcements, to keep investors informed
The AIM admission process
As with all significant steps that a growing business takes, adequate planning in advance is essential. When it comes to an admission on AIM, this is not just good practice but is a must in order to ensure that you meet all of the AIM requirements and achieve a successful AIM listing.
We have outlined an AIM admission timetable for you below that shows you what you should be doing in the weeks leading up to admission:
From 16 to 24 weeks
- Appoint and instruct advisers
- Review any problem areas
- Agree timetable
From 12 weeks
- Commence legal, financial and commercial due diligence process
- Produce draft admission document
- Prepare draft legal, financial and commercial agreements as required
- Initial review of pricing issues
- Review PR presentations
- Host analyst presentations
From 6 weeks
- Continue/ finalise draft admission document
- Continue/ finalise due diligence process
- Continue drafting/ finalising all agreements
- Hold PR meetings and roadshows
1 - 2 weeks before admission
- All documents completed and approved
- Submit 10 day announcement to Exchange of intention to join AIM
- Pricing and allocation of the offer
- Register admission document
The next step
If you would like to discuss achieving an AIM listing in more detail, please contact one of our AIM specialists at your nearest location or complete our contact form.
The cost of listing on AIM has risen at its fastest rate in more than five years according to our findings.
Liquidity on AIM has plummeted following the Eurozone crisis, our new figures show.
We acted as reporting accountants and auditors on the recent AIM listing of TMT Investments plc, the telecoms and technology investments group.
New research from UHY Hacker Young and Trowers & Hamlins LLP, the City law firm, suggests that AIM is reaching a turning point in its return to normality with an influx of new issues and a sharp fall in the number of delistings. During 2010 the number of companies leaving AIM fell by 44% from 280 in 2009 to 157. 
The costs of listing on AIM have continued to increase over the last year to reach an average of 7.0% of all funds raised, up from 6.7% in the previous 12 months, reveals our research.
The percentage of AIM IPOs that have been forced into last minute cancellations in 2008 increased to 12.3% of all announced IPOs from 10.4% of all AIM IPOs in 2007 our research reveals.
