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Summary of the Listing
Requirements of the
New York Stock Exchange -
NYSE
* last updated April 10, 2011 |
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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 (NYSE) |
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New York Stock Exchange Listing Requirements |
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Requirements |
Standard 1 |
Standard 2 |
Standard 3 |
Worldwide |
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# of Shares Publicly Held |
1,100,000 |
1,100,000 |
1,100,000 |
2,500,000 |
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# 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 |
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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 |
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Trading Price of Listed
Securities2 |
$4.00 |
$4.00 |
$4.00 |
$4.00 |
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Shareholders Equity |
N/A |
N/A |
N/A |
$55,000,000 |
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Must Meet One of the Following: |
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#1 - Earnings: |
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Aggregate Pre-Tax Income for Last 3 Years |
$10,000,000 |
$10,000,000 |
$10,000,000 |
$100,000,000 |
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Min. Pre-Tax Income in each of 2 Preceding
Years |
$2,000,000
(all 3 year must be positive) |
$2,000,000
(all 3 year must be positive) |
$2,000,000
(all 3 year must be positive) |
$25,000,000 |
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or: |
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Aggregate Pre-Tax Income for Last 3 Years |
$12,000,000 |
$12,000,000 |
$12,000,000 |
N/A |
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Min Pre-Tax Income in Most Recent Year |
$5,000,000 |
$5,000,000 |
$5,000,000 |
N/A |
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Min. Pre-Tax Income in Next Most Recent Year |
$2,000,000 |
$2,000,000 |
$2,000,000 |
N/A |
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#2 Valuation/Cash Flow |
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Global Market Capitalization |
$500,000,000 |
$500,000,000 |
$500,000,000 |
$500,000,000 |
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Revenues (most recent 12-month period) |
$100,000,000 |
$100,000,000 |
$100,000,000 |
$100,000,000 |
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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 |
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Minimum Cash Flow in each of 2 preceding
years |
N/A |
N/A |
N/A |
$25,000,000 |
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#3 – Valuation/Revenue: |
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Global Market Capitalization |
$750,000,000 |
$750,000,000 |
$750,000,000 |
$750,000,000 |
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Revenues (most recent fiscal year) |
$75,000,000 |
$75,000,000 |
$75,000,000 |
$75,000,000 |
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#4 - Affiliated Companies: |
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Global Market Capitalization |
$500,000,000 |
$500,000,000 |
$500,000,000 |
$500,000,000 |
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Operating History |
12 month |
12 Months |
12 Months |
12 Months |
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#5 – Assets/Equity |
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Global Market Capitalization |
$150,000,000 |
$150,000,000 |
$150,000,000 |
N/A |
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Total Assets |
$75,000,000 |
$75,000,000 |
$75,000,000 |
N/A |
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Stockholder’s Equity |
$50,000,000 |
$50,000,000 |
$50,000,000 |
N/A |
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,
NASDAQGM,
NASDAQCM,
TSX Venture,
CNSX,
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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