We've heard quite a bit about delistings from US exchanges these last few years in favor of those thriving markets abroad. But now the London Stock Exchange's Alternative Investment Market (AIM) has its own spate of exits.
Bloomberg recently reported that the number of delistings on AIM in the first half of 2007, excluding acquisitions, more than doubled, to 41 from 15 last year. Delistings from rival NASDAQ on the same basis fell to 30 from 41, the newswire said.
Small-cap companies are complaining that listings on AIM aren't generating the kind of interest they anticipated. But the LSE says it wasn't promising magic.
The exchange's advice? Better IR.
'If a company wants to raise a significant amount of money, they need to work on investor relations,' LSE spokesman Patrick Humphris told Bloomberg.
North American editor