The Unlisted Securities Market (USM), which ran from 1980 to 1996, was a stock exchange set up by the London Stock Exchange to cater for companies too small to qualify for a full listing.
The USM allowed companies to be traded which did not have the full three-year trading history required by the main market, or which wished to float less than 25 percent of their share capital. The USM allowed as little as 10% to be floated.
The Alternative Investment Market (AIM) was set up in June 1995. The USM no longer accepted new introductions, and companies which were already quoted on the USM had twelve months to decide either to move the quotation to AIM, or to delist.
unlisted, securities, market, this, article, includes, list, references, related, reading, external, links, sources, remain, unclear, because, lacks, inline, citations, please, help, improve, this, article, introducing, more, precise, citations, january, 2021,. This article includes a list of references related reading or external links but its sources remain unclear because it lacks inline citations Please help improve this article by introducing more precise citations January 2021 Learn how and when to remove this message The Unlisted Securities Market USM which ran from 1980 to 1996 was a stock exchange set up by the London Stock Exchange to cater for companies too small to qualify for a full listing The USM allowed companies to be traded which did not have the full three year trading history required by the main market or which wished to float less than 25 percent of their share capital The USM allowed as little as 10 to be floated The Alternative Investment Market AIM was set up in June 1995 The USM no longer accepted new introductions and companies which were already quoted on the USM had twelve months to decide either to move the quotation to AIM or to delist References edit Her Majesty s Revenue amp Customs Capital Gains Manual Definitions stock exchange quoted unquoted unlisted securities market CG50256 Buckland Roger Davis Edward W 12 October 1989 The Unlisted Securities Market USA Oxford University Press p 192 ISBN 978 0 19 828526 7 This article about investment is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Unlisted Securities Market amp oldid 1188946872, wikipedia, wiki, book, books, library,
