NYSE To qualify for NYSE listing, a company must h
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Posted On: 02/05/2021 6:43:21 AM
NYSE
To qualify for NYSE listing, a company must have at least 400 shareholders who own more than 100 shares of stock, have at least 1.1 million shares of publicly traded stock and have a market value of public shares of at least $40 million. The stock price must be at least $4 a share. NYSE stocks must maintain a minimum price of $1 per share.
The Nasdaq is known for technology and innovation, and is home to internet, biotechnology and other companies at the cutting edge. As such, stocks listed on the Nasdaq are considered growth-oriented and more volatile. Companies that list on the NYSE are perceived as more stable and well-established.
NASDAQ
Each company must have a minimum of 1,250,000 publicly traded shares outstanding upon listing, excluding those held by officers, directors, or any beneficial owners of more than 10% of the company. The regular bid price of shares of the company's stock at the time of listing must be at least $4.00.
If a company trades for 30 consecutive business days below the $1.00 minimum closing bid price requirement, Nasdaq will send a deficiency notice to the company, advising that it has been afforded a "compliance period" of 180 calendar days to regain compliance with the applicable requirements.
What that all means is YOU WILL TAKE A SHELLACKING in your share count depending on the share price. You'll lose half your stock if they just meet the minimum of $4 when and if it reached $2. You'll lose 3/4 of your share count @$1 and at .50 cents you'll have 12.5% of the original number of shares you owned. That's a pretty big pill to swallow because even with stock splits in the future a 2 for 1 forward split would get you even to your original count. That would be acceptable as we know the company will grow. There have been a good number of 3 for 1 forward stock splits and I don't know of any 12 for 1 splits on the big exchanges.
We will need a lot more details about the price structure they plan to open up with on the board they choose. At the minimum $4 it doesn't look good but in this day and age with Covid-19 being the hot topic an opening price on the big boards of $20 or $30 isn't unrealistic and would offset the loss of shares.
Going to be an interesting couple months ahead.
To qualify for NYSE listing, a company must have at least 400 shareholders who own more than 100 shares of stock, have at least 1.1 million shares of publicly traded stock and have a market value of public shares of at least $40 million. The stock price must be at least $4 a share. NYSE stocks must maintain a minimum price of $1 per share.
The Nasdaq is known for technology and innovation, and is home to internet, biotechnology and other companies at the cutting edge. As such, stocks listed on the Nasdaq are considered growth-oriented and more volatile. Companies that list on the NYSE are perceived as more stable and well-established.
NASDAQ
Each company must have a minimum of 1,250,000 publicly traded shares outstanding upon listing, excluding those held by officers, directors, or any beneficial owners of more than 10% of the company. The regular bid price of shares of the company's stock at the time of listing must be at least $4.00.
If a company trades for 30 consecutive business days below the $1.00 minimum closing bid price requirement, Nasdaq will send a deficiency notice to the company, advising that it has been afforded a "compliance period" of 180 calendar days to regain compliance with the applicable requirements.
What that all means is YOU WILL TAKE A SHELLACKING in your share count depending on the share price. You'll lose half your stock if they just meet the minimum of $4 when and if it reached $2. You'll lose 3/4 of your share count @$1 and at .50 cents you'll have 12.5% of the original number of shares you owned. That's a pretty big pill to swallow because even with stock splits in the future a 2 for 1 forward split would get you even to your original count. That would be acceptable as we know the company will grow. There have been a good number of 3 for 1 forward stock splits and I don't know of any 12 for 1 splits on the big exchanges.
We will need a lot more details about the price structure they plan to open up with on the board they choose. At the minimum $4 it doesn't look good but in this day and age with Covid-19 being the hot topic an opening price on the big boards of $20 or $30 isn't unrealistic and would offset the loss of shares.
Going to be an interesting couple months ahead.
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