Pre-flotation preparation
24-36 months before admission
- Develop a robust business plan
- Ensure contracts are in place with customers and suppliers
- Review management information systems and operational and compliance controls
- Consider ownership and tax issues
12-24 months before admission
- Read the Exchange's flotation pack
- Attend one of our flotation seminars
- Contact us for a one-to-one meeting
- Adopt 'best practice' corporate governance standards
- Complete any planned strategic initiatives such as acquisitions
6-12 months before admission
- Review and plan your investor relations (IR) strategy
- Ensure you have independently-audited financial accounts, if applicable, for a three-year period
- Consider commissioning an independent expert's report on your business
- Make any necessary changes to the executive board
- Appoint non-executive directors
- Ensure your company is incorporated under the relevant laws
- Consider whether to conduct pre-flotation fundraising
- Decide on the method of flotation
- Hold a beauty parade of advisers
The admission process
12-24 weeks before admission
- Appoint your advisers
- Instruct all advisers
- Agree the timetable to admission
6-12 weeks before admission
- Review any problem areas that have emerged
- Produce the draft prospectus/admission document
- Produce the first draft of the other required documents
- Conduct the initial review of pricing issues
- Review PR presentations
- Host analyst presentations
1-6 weeks before admission
- Continue drafting meetings
- Carry out and complete due diligence
- Hold PR meetings and roadshow
- Register the prospectus with the UKLA
- Submit 10-day announcement to Exchange of intention to join AIM
1 week before admission
- All documents completed and approved
- Pricing and allocation of the offer
- Register the prospectus
- Sign subscription agreement
- Bulk print final prospectus
Admission week
- Pay Exchange fees
- Submit documents
- Admission to AIM granted
- Trading begins