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Listing Requirements of the American Stock Exchange - NYSE-Amex
* last updated August 26, 2010



The American Stock Exchange was acquired by the New York Stock Exchange in 2008.  NYSE-Amex, as it is now referred to, is an attractive exchange for solid micro and small-cap companies.  NYSE-Amex has three different listing and public shareholder standards with a number of differing combinations within.  As a result, their listing requirements offers flexibility to companies operating in different market sectors.
 

NYSE-Amex Listing Requirements

Requirements

Standard 1

Standard 2

Standard 3

Standard 4

Shareholders' equity

$4 million

$4 million

$4 million

N/A

Pre-tax income required in last fiscal year or two of three most recent fiscal years.

$750,000

N/A

N/A

N/A
Market capitalization N/A N/A $50 million $75 million
OR
At least $75 million in total assets
and $75 million in revenues

Distribution


800 public shareholders and 500,000 shares publicly held
OR
400 public shareholders and 1 million shares publicly held
OR
400 public shareholders, 500,000 shares publicly held and average daily trading volume of 2,000 shares for prior 6 months
 


800 public shareholders and 500,000 shares publicly held
OR
400 public shareholders and 1 million shares publicly held
OR
400 public shareholders, 500,000 shares publicly held and average daily trading volume of 2,000 shares for prior 6 months
 


800 public shareholders and 500,000 shares publicly held
OR
400 public shareholders and 1 million shares publicly held
OR
400 public shareholders, 500,000 shares publicly held and average daily trading volume of 2,000 shares for prior 6 months
 


800 public shareholders and 500,000 shares publicly held
OR
400 public shareholders and 1 million shares publicly held
OR
400 public shareholders, 500,000 shares publicly held and average daily trading volume of 2,000 shares for prior 6 month
 

Price

$3

$3

$2

$3

Market value of  public float

$3 million

$15 million

$15 million

$20 million

The NYSE-Amex listing board also conducts a subjective review of all listing candidates looking at the:  
  • nature of a company's business;
  • market for its products;
  • reputation of its management;
  • historical record and pattern of growth;
  • financial integrity;
  • demonstrated earnings power; and
  • future outlook
  • Company's board of directors must agree to abide by the corporate governance requirements of AMEX.


    Go to the listing requirements of other exchanges:

    Master Chart Summary, NYSE, NYSE-Amex , TSX, NASDAQNM, NASDAQSM, TSX Venture, CNSX, OTCBB, US Pink Sheets
     

     
    Alixe B. Cormick
    Venture Law Corporation

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    Vancouver, B.C.
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