A growing number of U.S. companies, leery of Wall Street in the age of Sarbanes-Oxley regulations, are turning to a relatively unknown market in London to go public.
It's called the Alternative Investment Market, or AIM, and last year 19 companies from the United States floated shares on the market. Run by the London Stock Exchange, the market now boasts 37 listed U.S. companies.
AIM offers a less-regulated marketplace with lower costs than the Nasdaq Stock Market. For instance, AIM says it charges $7,319 for its admission fee and yearly fee. Nasdaq, according to the London Stock Exchange, charges companies a minimum of $100,000 for admission, along with yearly fees of $25,000 to $75,000.
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