Nominated advisers – or nomads – on the Alternative Investment Market (AIM) have seen a recent spate of profit warnings for US companies listed on AIM and have consequently become more wary about their suitability. They worry that some of the US companies coming to AIM cannot get funded in the US.

One way to allay that concern is for a nomad to pick US companies for AIM listings that are being funded in the US by way of an institutional private placement, even as they are being listed on AIM.