Exchanges
Settling the Wild West: Companies Put Down Stakes on U.K.'s AIM
Some firms such as fashion retailer Asos, which has returned more than 34% a year since listing in 2001, are staying put on the LSE’s growth market.
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Marcus Stuttard doesn’t like the expression “Wild West.”
The label gets used a lot to describe AIM, the London Stock Exchange’s junior market for growth companies, and the two words provoke a mirthless laugh. “I care more about our market users than I do about people occasionally deciding to throw a bit of mud that’s not well-founded,” says Stuttard, the head of AIM.