The following Israeli companies have executed IPO on London's AIM market.Bateman Eng NV Netherlands/Israel Dori Media Israel Empire Online BVI/Israel F.T.S Formula Israel Gilat Satcom/Satcom Systems Israel Global Brands Israel/Luxembourg Ki Bi Israel Leadcom Israel Metal Tech Israel Nipson Israel Orca Software Israel Servision Israel Telit Comms Israel/Italy Tescom Israel Visual defence Canada/Israel Amiad Israel Orpak Israel Engel Israel/Netherlands Vigilant Tech Israel
The AIM market did not aupply us with any statistics but according to the Scotsmen, on the average, investors are showing a loss of more than 25%.
We believe that AIM's lax regulations may lead to serious difficulties at some time in the future. The London AIM market advertises itself as "specifically tailored to growing businesses, AIM combines the benefits of a public quotation with a flexible regulatory approach". Looking at the admission to trading criteria to the London Stock
Exchange and the AIM market one discovers the following requirements:
One of the key requirements for a company seeking a listing is to locate a "Nominated adviser" who warrants to the Exchange that the company is appropriate for joining AIM. The nominated adviser is an Independent Corporate Finance Firm, an accountant or a broker: you are obliged to retain a "Nomad" throughout your company's life on the market. However, the Nomad's responsibility is not to the Exchange but to the company that has retained its services. All this means that there is limited, if any, protection for the investor who probably has difficulty in differentiating between the London Stock Exchange and the London AIM Market.
No minimum shares need to to be in public hands before a floatation.
No trading records are required.
No prior shareholder approval for transactions
Admission documents not pre-vetted by Exchange or UKLA
Nominated adviser required at all times
No minimum market capitalization