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Biotech / Medical : Biotech Valuation
CRSP 56.58-0.2%1:24 PM EST

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To: zeta1961 who wrote (15949)3/3/2005 2:49:06 PM
From: Sam Citron  Read Replies (2) of 52153
 
Well, if you're a US company, you need a market cap < $700 million to get this extension, so it only applies to small caps. Most companies are probably well on their way to compliance anyway, so it shouldn't matter much. I think Congress was really feeling the heat on compliance costs from small companies and also from NYSE who is losing some good listing opportunities from potential foreign ADRs who are saying, "Why should we bother listing in US if they make it so onerous to comply, when we list in London, for example, cheaper."

Sam
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