单词 | alternative investment market |
释义 | Alternative Investment MarketAlternative Investment MarketAlternative Investment MarketAlternative Investment MarketAlternative Investment Market (AIM)a market for corporate STOCKS and SHARES that have not obtained a full STOCK MARKET listing. An unlisted securities market (USM) was established in the UK in 1980 in order to provide smaller companies with a means of raising new capital (see SHARE ISSUE) without the expense and the same formalities required by the main stock market. For example, such companies need only have a brief trading record to qualify and the proportion of their shares sold in the open market need only be 10% of their ISSUED CAPITAL instead of the usual 25%. The USM was phased out in 1996 and superseded by the Alternative Investment Market (AIM). AIM imposes no minimum on the percentage of a company's shares in public hands and no minimum trading record.Alternative Investment Marketsee UNLISTED-SECURITIES MARKET. |
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