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| Outcome |
Step 1 | Initial Appraisal of company by exploring their products and accounts | 2-3 weeks | Company will know if it is suitable for AIM |
Step 2 | Appoint NOMAD ( Stock exchange nominated Advisor) | 1 week | Company will have made first step in regulatory process |
Step 3 | Appoint lawyers (Halliwells, the lawyers who handle the most AIM floats in UK.) | Within the same week | Company will have benefit of legal advice in order to ensure regulatory process is adhered to and company gets required legal advice and support |
Step 4 | Due Diligence Visit the business, Meet senior management, Thorough examination and analysis of the accounts, products, working methods, workplaces, Offer advice if deemed necessary | 2 months | Advisors to the company will have verified that all facts given about the company are correct and suitable to AIM market in UK |
Step 5 | Produce company prospectus for AIM | 1 Month | Company will have document that will “sell” it to prospective investors |
Step 6 | Senior Chinese Management meet NOMAD | 1 week | The NOMAD should be given the motivation by the company management to maximise the take-up of shares in the market place |
Step 7 | Move to AIM listing. This depends on advice given by the NOMAD about market conditions for the particular business sector company is in | Depends on market conditions | If the AIM flotation is successful then funds will flow into the company |