Small firms to get new equity source
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Investors aiming for good, if potentially risky, returns will soon be able to opt for shares in small companies trading on a new market, writes Nic Cicutti.
The Stock Exchange is to launch the Alternative Investment Market in June, offering new and growing companies a cheaper way of raising equity capital. Up to 200 companies, many of whose shares are available as matched bargains, could join the market by the end of the year. Companies the exchange hopes to attract to AIM include young businesses, management buyouts, family firms, and some former Business Expansion Schemes. Companies may also choose to transfer from the USM market, which closes at the end of 1996.
A spokesman for the exchange said: "AIM is designed for professional or experienced investors who understand the nature of the market and are prepared to accept the potential risks and rewards of investing in young and growing companies."
Investors in a range of investment and unit trusts specialising in smaller companies may also find part of their funds going into AIM-listed firms.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments