IPOQB
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UK · EMEA · Growth (AIM)
LSE AIM
LSEG · London · GBP
Flexible growth market; sponsor (Nomad)-led admission, lighter ongoing rules.
Eligibility · Meridian Renewables (example)
Eligible
Meets listing standards; 1 governance action(s) to close before filing.
Min market cap
None
admission floor
Min free float
10%
public hands
Est. all-in
7.0%
on $700M
Time to list
16–20w
from kickoff
Regulator
LSE (Nomad)
oversight
Eligibility check
Market capitalisation
Requirement: ≥ None
$4.8B
Free float
Requirement: ≥ 10%
~15%
Operating history
Requirement: ≥ 0 yrs
11 yrs
Profit / revenue test
Requirement: No minimum (Nomad-led)
Profitable
!
Governance standard
Requirement: QCA Code
Gaps
Accounting
Requirement: IFRS
IFRS
Rules as of 2026-Q2 · source: AIM Rules for Companies (LSE (FCA-recognised), UK). Compiled summary — validate against the primary source before filing.
Fees & cost
Est. all-in · $700M raise$49M 7.0%
Underwriting spread6.0% · $42M
Initial listing fee£8k
Annual fee£8k
Legal · audit · IR · other$6.7M
Total all-in$49M (7.0%)
Market quality & investors
Liquidity★★☆☆☆
Analyst coverage★★★☆☆
Retail participation★★★☆☆
Institutional depth★★★☆☆
Index inclusion
FTSE AIM 100
Aftermarket: Variable
Process & sectors
Typical time-to-list16–20w
RegulatorLSE (Nomad)
Dual / secondary listingNot standard
Min public shareholders
Sector strength
TechHealthcareEnergy
Notable listings: ASOS (former), Fevertree
LSE AIM IPO Listing Requirements & Cost · IPOQB