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AIM — Global Marketplace for the Local Company

 
John Cowie of Smith & Williamson examines the ups and downs of AIM since its inception in 1995 with contribution from Marcus Stuttard d Deputy Head of AIM at the London Stock Exchange
 
AIM (for the Alternative Investment Market as it was then known) had an inauspicious start when it was set up in 1995 by the London Stock Exchange. National newspapers reported shortly before its launch that it was taking 'a big gamble' (Independent) and soon after that 'fund managers have largely ignored it' (Financial Times) and that 'the Stock Exchange has a lot to answer for' (Guardian). To an extent it was something of a gamble. But not for want of companies looking to join the market as there were plenty of...

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