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What is Unlisted Securities Market mean?
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.
referencePosted on 14 Nov 2024, this text provides information on Miscellaneous in Stock Exchange related to Stock Exchange. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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