US companies are joining Aim in ever greater numbers – and provoking some heated debate. Quoted Business talks to Aim’s Richard Webster-Smith about the US influx.
Aim is growing rapidly. How many US companies are now involved?
There are currently 76 US companies from a huge range of sectors – everything from finance and insurance to media and automobile parts. But the most popular areas are renewable energy, software and biotechnology, which tend to be better understood by investors in London. These are also more globalised industries so, for many of the companies concerned, there’s a desire to be listed alongside their global peers.
As far as geographical spread goes, they come from across the US, although most are centred around America’s main venture capital hubs such as the West Coast, Massachusetts and Chicago. This is often because Aim is a logical next step from venture capital funding.
