London's AIM: The New Nasdaq?

I've got a story  in today's Financial Post about Alternative Investment Market (AIM) in London, which is quickly becoming a popular vehicle for tech start-ups looking to raise growth capital. Unlike North American investors, who still seem skittish about tech stocks even five years after the dot-com bubble burst, European investors – including institutional ones – are enthusiastic about tech start-ups with modest revenue and limited track records. One of the companies currently pursuing a listing is Sandvine Inc., which sells intelligence hardware and software to broadband service providers. So what's AIM's appeal?: less onerous listing and reporting requirements, which makes it an attractive option for companies looking to avoid Sarbannes-Oxley rules. AIM plans to capitalize on the concerns about Sarbannes-Oxley by launching a major marketing campaign in the U.S. In Canada,  investment firm Canaccord Adams has bee particularly active leading companies to AIM through placements or IPOs.