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Summary of the Listing
Requirements of the
New York Stock Exchange -
NYSE |
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The listing requirements of the
New York Stock Exchange are aimed to attract companies with a well
established top tier financial record. The NYSE is the exchange of
choice for companies in the financial, manufacturing and natural resource
sectors.
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New York Stock
Exchange Listing Requirements |
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Requirements |
Initial Listing |
Aggregate Pre-Tax Income Over Last Three Years of
$6,500,000 achievable as:
Most recent year and
Each of two preceding
years, OR
Most recent year
(All three years must be
profitable), OR
Aggregate Operating Cash Flow for Three Years
(Each year must be
positive, Company must also have $500 mil.
in market
capitalization and $100 mil in revenues in last 12
months), OR
Revenues for Last Fiscal Year with Average Global Market Capitalization,
OR
An Affiliated Company to a NYSE Listed Company in
Good Standing and Parent Retains Control of Entity |
$2,500,000
$2,000,000
$4,500,000
$25,000,000
$100,000,000
$1,000,000,000
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# of Public Board Lot Holders, OR
Total Shareholders with
Average monthly trading volume
(6 months), OR
Total Shareholders with
Average monthly trading volume
(12 months), OR |
2,000
2,200
100,000 shares
500
1,000,000 |
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# of Shares Publicly Held |
1,100,000 |
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Market Value Publicly Held Stock:
Public Companies
IPOs, Spin-offs,
Carve-outs |
$100,000,000
$60,000,000 |
The New York Stock Exchange also considers other factors
such as:
- company must be a going concern or the successor to a
going concern;
- company is suited to market auction trading;
- may apply additional or more stringent criteria based
on the NYSE's review of the Company, an event, condition or
circumstance.
The Board of Directors will be required to abide by the
Corporate Governance rules of the NYSE.
Go to the listing requirements of other exchanges:
Master Chart Summary,
Amex ,
TSX,
NASDAQNM,
NASDAQSM,
TSX Venture,
CNQ,
OTCBB,
US Pink Sheets
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Alixe B. Cormick
Venture Law Corporation
618 - 688 West Hastings Street
Vancouver, B.C.
V6B 1P1
Phone: 604-659-9188
Fax: 604-659-9178
E-mail Us |
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