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June 20, 2006
More About Tech IPOs On AIM
If AIM, the lightly regulated arm of the London Stock Exchange, was a startup, our hypemeter would be getting a reading of 8.5 to 9. Its pitch to US investors is getting a lot of resonance. Today Business 2.0 weighs in with quotes from Index Ventures' GP Danny Rimer.
AIM was used by IGM, a four year old provider of mobile value-added services in East Asia, to raise new capital this quarter.
There is a chance it could all go terribly wrong. Let's not forget Pets.com and other problem children of the dot-com bubble, which the Nasdaq welcomed with open arms not so long ago. Investors will need to proceed with caution to make sure venture capitalists don't start dumping ailing startups on these "light touch" markets, with bankers and entrepreneurs playing along."You need to get these three parties to behave well," says Rimer, the London-based venture capitalist. "It may be a tall order, but if it's accomplished we could see something like the AIM becoming what the Nasdaq was back in the mid-'90s." In other words - a market for promising companies where investors actually made money, before the bubble started inflating.
Read-
Why tech IPOs are moving to Europe The U.S. tech-IPO (Business 2.0)
Posted on June 20, 2006 05:49 AM | Posted to IPO | Permalink
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