Term: ALTERNATIVE INVESTMENT MARKET [AIM]

A part of the London Stock Exchange which caters for smaller companies – in a similar way to the JSE’s Alt-X. Some South African companies are listed on both the AIM and the JSE – with either primary or secondary listings. The AIM began in 1995 and has had more than 3500 listings which have raised more than $100bn in capital. The market has listings from companies which operate in more than 100 countries and 40 sectors. So the AIM is very international, catering to companies from all over the world.

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