A NOMAD is generally an investment bank, a corporate finance or accountancy firm approved to act in the capacity of a NOMAD by the London Stock Exchange.
It is important a company choses a NOMAD firm with relevant sector experience and understands the business. It is likely that an AIM company will have a long and close relationship with their NOMAD.
An AIM company can change its NOMAD firm as circumstances arise but must retain a NOMAD throughout its time on the AIM or main market.
A NOMAD’s role is important as they support and guide companies to achieve their growth potential. A NOMAD will also help companies provide an assessment of their business and prospects for investors. Their regulatory role ensures a company meets its on-going obligations and a NOMAD will safeguard the integrity of the market. Strict criteria are in place for becoming an approved NOMAD ensuring companies have access to the high-quality advice they deserve.
To help fulfil this role, the Nomad will: