AIM has Euro Ambitions
Stock Exchange plans to take AIM into Europe
4th October 2005
The London Stock Exchange (LSE) has revealed plans to build up its junior market, the Alternative Investment Market (or AIM), turning it into a Europe-wide small business stock market.
There are currently 1,300 small businesses listed on AIM, with 200 of those being overseas. However, only 38 quoted companies are non-British European. Together they are worth £1.7bn, but the LSE has plans to increase the number by 300% over the next 5 years.
Research commissioned by the LSE suggests that the impact of such growth could be dramatic, contributing an increase of between 0.3% and 0.6% to Europe's GDP.
Read More: Money Guardian : Stock Exchange to take Aim into Europe
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