BusinessCompany NewsRival to AIM hits London

Rival to AIM hits London

AIM rival denies it is trying to take business away from London's junior market

The European alternative to the Alternative Investment
Market
will be on a road show in London this week in search of new
investors.

Alternext, which is owned by Euronext
and hosts listings in four other European capitals, denied it will be trying to
take business away from AIM.

However it will be targeting firms who wish to invest in London’s
less-regulated market.

Director of listings and issuers of Alternext, Martine Charbonnier, said the
greatest potential sources of companies listings on Alternext were developing
countries and the US, where smaller businesses have difficulty in listing due to
the heavy regulation of Sarbanes-Oxley.

Alternext, which outperformed AIM in the last year as its share index rose by
28% while AIM was flat, will meet with fund managers, brokers and other
investors at the Great Eastern Hotel on Thursday.

Further reading:

Indian companies eyeing AIM listing

AIM under fire as cash shells breach LSE
rules

Junior markets head to head in battle for IPOs

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