Ipo weshop14 Sep 2019 00:14
Requirements such as maintaining a nominated advisor (NOMAD), an accountant, a lawyer, a broker and financial PR all add costs and the process for a float can take as long as two years, with joining the market itself taking up to ten weeks.
With all these costs piling up, the resulting bill can be eye-watering for a small company.
A serial AIM chief executive, who asked not to be named, said an initial public offering (IPO) on the junior market can cost a minimum of £500,000, while core running costs clock in at a minimum of £200,000 per year.
Takes 10 weeks maybe year end