Why is xG Technology (a US company) traded on the London Stock Exchange AIM market?

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Why is xG Technology (a US company) traded on the London Stock Exchange AIM market?

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A. Going public on the AIM was a strategic decision by xG Technology. The opportunity to go public in the US was not available at the time as it is virtually impossible for a pre-revenue company to become listed on the NASDAQ. For xG it was also a key benefit to have direct access to European-based investors, who already comprise most of xGs investors, aside from the Mooers Branton & Company merchant bank and founders. Q.