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Microcap & Penny Stocks : GLOW - Global Games, Inc. - Great Profit Potential !

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To: Brad Morris who wrote (3622)6/25/1998 11:44:00 AM
From: Milk  Read Replies (1) of 8879
 
Brad,

Listing requirements are more strict on NYSE.

Nasdaq listing requirements: nasdaq.com

NYSE:

The New York Stock Exchange imposes fairly stringent restrictions on the companies that wish to list their shares on the exchange. Some of the guides used by the NYSE for an original listing of a domestic company are national interest in the company and a minimum of 1.1 million shares publicly held among not fewer than 2,000 round-lot stockholders. The publicly held common shares should have a minimum aggregate market value of $18 million. The company should have net income in the latest year of over $2.5 million before federal income tax and $2 million in each of the preceding two years. The NYSE also requires that domestic listed companies meet certain criteria with respect to outside directors, audit committee composition, voting rights and related party transactions. A company also pays significant initial and annual fees to be listed on the NYSE. Initial fees are $36,800 plus a charge per million shares issued. Annual fees are also based on the number of shares issued, subject to a minimum of $16,170 and a maximum of $500,000. For example, a company that issues 4 million shares of common stock would pay over $81,000 to be listed and over $16,000 annually to remain listed.

Source: invest-faq.com

Regards,

Milk
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