Listing Requirements of the New York Stock Exchange

– *updated August 30, 2015 –

New York Stock ExchangeThe 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.

We are always open to talk to corporate executives who are considering listing on the NYSE.  The listing requirements can sometimes be confusing and waivers can be applied for in certain circumstances when a company desiring to list is strong in all listing categories but for one.  Do feel free to book an appointment with us if you need assistance to determine if your company qualifies to list on the NYSE or other exchange.

New York Stock Exchange Listing Requirements

Requirements Standard 1 Standard 2 Standard 3 Worldwide
# of Shares Publicly Held 1,100,000 1,100,000 1,100,000 2,500,000
# Public Board Lot Holders 400 2,200 total shareholders and 100,000 shares monthly trading volume (most recent 6 months) 500 total shareholders and 1,000,000 shares monthly trading volume
(most recent 12 months)
5,000
Market Value of Publicly Held Securities $100,000,000
unless IPO, carve-out or spin-off $40,000,000
$100,000,000
unless IPO, carve-out or spin-off $40,000,000
$100,000,000
unless IPO, carve-out or spin-off $40,000,000
$100,000,000
Trading Price of Listed Securities $4.00 $4.00 $4.00 $4.00
Shareholders Equity N/A N/A N/A $55,000,000
Must Meet One of the Following:
#1 – Earnings:
Aggregate Pre-Tax Income for Last 3 Years $10,000,000 $10,000,000 $10,000,000 $100,000,000
Min. Pre-Tax Income in each of 2 Preceding Years $2,000,000
(all 3 years must be positive)
$2,000,000
(all 3 years must be positive)
$2,000,000
(all 3 years must be positive)
$25,000,000
or:
Aggregate Pre-Tax Income for Last 3 Years $12,000,000 $12,000,000 $12,000,000 N/A
Min Pre-Tax Income in Most Recent Year $5,000,000 $5,000,000 $5,000,000 N/A
Min. Pre-Tax Income in Next Most Recent Year $2,000,000 $2,000,000 $2,000,000 N/A
#2a – Valuation/Cash Flow
Global Market Capitalization $500,000,000 $500,000,000 $500,000,000 $500,000,000
Revenues (most recent 12-month period) $100,000,000 $100,000,000 $100,000,000 $100,000,000
Aggregate Cash Flow for last 3 years $25,000,000
(all 3 years must be positive)
$25,000,000
(all 3 years must be positive)
$25,000,000
(all 3 years must be positive)
$100,000,000
Minimum Cash Flow in each of 2 preceding years N/A N/A N/A $25,000,000
#2b – Valuation/Revenue:
Global Market Capitalization $750,000,000 $750,000,000 $750,000,000 $750,000,000
Revenues (most recent fiscal year) $75,000,000 $75,000,000 $75,000,000 $75,000,000
#3 – Affiliated Companies:
Global Market Capitalization $500,000,000 $500,000,000 $500,000,000 $500,000,000
Operating History 12 Months 12 Months 12 Months 12 Months
#4 – Assets/Equity
Global Market Capitalization $150,000,000 $150,000,000 $150,000,000 N/A
Total Assets $75,000,000 $75,000,000 $75,000,000 N/A
Stockholders Equity $50,000,000 $50,000,000 $50,000,000 N/A

_________
Other Articles You May Find of Interest:

    _________