London AIM IPO Overview

1. How long does it take to complete an IPO on London's AIM?

The average is six months, however, this is largely dependent upon the level of due diligence required by the Nominated Adviser and what, if any, findings result.

2. How much does a London AIM IPO cost compared to a NASDAQ IPO?

This depends upon the size and complexity of the IPO, however, the average London AIM IPO costs 7.17% of gross fund raised whereas the average NASDAQ IPO costs 12% of gross funds raised.

3. How do the ongoing costs on London's AIM compare?

The average London AIM-listed company spends $300 thousand per year in ongoing professional fees and insurance compared to $2 - $3 million per year for the average NASDAQ listed company.

4. How and when do the various professional advisers that work with London AIM-listed companies charge for their services?

In relation to a London AIM IPO, the Nominated Broker is typically paid in cash from the gross proceeds, if the AIM IPO is successful, with the occasional inclusion of share options and warrants.  The other professional advisers that work with London AIM-listed companies are paid in cash as they perform their services.  Post-IPO services for London AIM-listed companies are paid in cash in the normal course of business.