Nominated Advisor (NOMAD)
Contents
Demystifying Nominated Advisors (NOMADs): A Comprehensive Guide to AIM Listing
Understanding NOMADs and AIM Listing
Nominated Advisors (NOMADs) play a crucial role in assisting companies with listing on the Alternative Investment Market (AIM) of the London Stock Exchange (LSE). The AIM, established in 1995, caters to smaller, high-growth companies seeking capital. A NOMAD helps navigate the listing process and ensures regulatory compliance post-listing.
How NOMADs Facilitate AIM Listing
NOMADs, typically boutique investment banks, conduct thorough due diligence to assess a company's suitability for the AIM. They evaluate various aspects including the business model, financial track record, and management competency. Upon approval, NOMADs guide companies through the application process and continue to monitor their compliance with AIM regulations post-listing.
Qualifications and Criteria for NOMADs
The LSE approves NOMADs based on specific criteria. These include being a corporate finance firm with at least two years of experience, involvement in qualified transactions, and employing a minimum number of qualified executives. Alongside NOMADs, companies listing on the AIM should engage brokers, accountants, and legal advisers to navigate the process effectively.