From: amex.com
For the AMEX:
Listing Requirements For U.S. Companies:
Regular Financial Guidelines
Pre-tax income $750,000 latest fiscal year or
2 of most recent 3 years
Market value of public float $3,000,000
Price $3
Operating history ---
Stockholders' equity $4,000,000
Alternate Financial Guidelines
Pre-tax income ---
Market value of public float $15,000,000
Price $3
Operating history 3 Years
Stockholders' equity $4,000,000
Distribution Guidelines
(applicable to regular and alternate guidelines)
Alternative 1
Public float 500,000
Public Stockholders 800
Average daily volume ---
Alternative 2
Public float 1,000,000
Public Stockholders 400
Average daily volume ---
Alternative 3
Public float 500,000
Public Stockholders 400
Average daily volume 2,000
Regarding Alternate Listing Guidelines
It is recognized that certain financially sound
companies are unable to meet fully the Exchange's
regular listing criteria because, for example, of
the nature of their business, or because of
continuing large expenditures of funds for research
and development. Such companies may, however,
qualify for listing provided they meet the
numerical criteria outlined above, have sufficient
financial resources to continue operations over an
extended period of time, and are otherwise regarded
as suitable for Exchange listing. |
