London Stock Exchange: AIM

London Stock Exchange: the difference between AIM and the Main Market

Guide

If you are interested in floating your business on a stock market but feel that AIM is not the correct market for your company, you could consider the London Stock Exchange Main Market. The Main Market is usually reserved for more established businesses and has more stringent admission criteria and more demanding ongoing obligations.

Admission criteria differences - AIM and the Main Market

AIM Main Market

No prescribed level of shares to be in public hands

Minimum 25 per cent shares in public hands
No trading record requirement Normally three year trading record required
No prior shareholder approval for most transactions*

Prior shareholder approval required for substantial acquisitions and disposals (Premium Listing only)

Admission documents not pre-vetted by the Exchange nor by the UKLA in most circumstances

Pre-vetting of the prospectus by the UKLA

Nominated adviser required at all times Sponsors needed for certain transactions (Premium Listing only)
No minimum market capitalisation Minimum market capitalisation

*Unless the transaction is a reverse takeover or disposal resulting in a fundamental change of business


For further information see London Stock Exchange: Main Market.

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