Bluelamp plc has grown from a company with £10,000 turnover to one with a £17 million turnover and £1.8 million profit in the past five years. The existing owners have put all their financial resources into the firm to enable it to grow. The directors wish to take advantage of a very exciting market opportunity but would need to find £20 million of new equity capital as the balance sheet is already over-geared (i.e. has high debt). The options being discussed, in a rather uninformed way, are flotation on the Main Market of the London Stock Exchange or a flotation on the Alternative Investment Market. Write a report to enlighten the board on the merits and disadvantages of each of these possibilities.