Look out NASDAQ. A recent Barron’s article estimated the cost of keeping a public listing on AIM is 60% less than on NASDAQ.
American Investment Bankers are starting to take aim at the dearth of initial public offerings in their home turf.
In 1995, the London Stock Exchange [G] launched the AIM market as an alternative to NASDAQ for smaller emerging-growth companies to go public. It’s rapidly become a leading exchange for tech IPOs.
The AIM had 519 IPOs in 2005, compared with only 45 on NASDAQ. These deals raised $11.5 billion, versus around $2 billion for new listings on NASDAQ. Of course, the average amount raised per deal still tilts in NASDAQ’s favor, but that’s mostly because only bigger companies can afford the high regulatory costs of the U.S. market, says investment banker Giles McNamee, founder of McNamee Lawrence & Co., a boutique focused on mid-market growth companies.
Full story at http://online.barrons.com.









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