RE: Eric is reading our BB posts!13 Dec 2018 11:41
Have a look at below :
A NOMAD is a corporate finance advisor, usually a boutique investment bank, which conducts thorough due diligence for the suitability of an AIM applicant for the exchange. The NOMAD, if satisfied with the company's business model, financial and operating track record, competence of executives and directors and intended capital structure, will assist the company in its preparation and application for admission to AIM. If the company and NOMAD are successful in their efforts, the NOMAD will continue to monitor its client — the LSE requires it. The NOMAD must act as the regulator, ensuring that the company complies with AIM rules at all times. The NOMAD also serves an ongoing role of providing advice on business operational or financial strategy.