Saturday, October 24, 2009

New York Stock Exchange listing requirements for non-US companies

New York Stock Exchange-New York Stock Exchange listing requirements for non-US companies


New York Stock Exchange listing requirements for non-US companies:

1. Minimum public float of the volume and business records The company should at least 2000 shareholders (each shareholder owns 100 shares and above); or 2200 shareholders (the last 6 months, the monthly average trading volume of 10 million); or 500 shareholders (the most recent 12-month average monthly trading volume of 100 million); at least 110 million the number of shares owned by investors in the market (public shares 110 million).

2. A minimum market value of Public stock market value of 4,000 million U.S. dollars; tangible net assets of 40 million U.S. dollars.

3. Profit requirements Listing Two years ago, an annual pre-tax income of 200 million dollars, the last year pre-tax income was 2.5 million dollars; or three years, must all be profitable, pre-tax income totaled 6.5 million U.S. dollars, the recent A minimum one-year pre-tax income was 4.5 million dollars; or the most recent fiscal year, the total market value of not less than 500 million dollars and revenues of 200 million dollars in company: three-year adjusted net income Total 25 million U.S. dollars (annual report must be a positive number).

4. Listed Company Type Mainly for mature companies.

5. Use of accounting standards The United States generally accepted accounting principles or international accounting standards.

6.'s Place of business registration and No specific provisions.

7.'s Business information disclosure requirements To comply with Exchange's annual report, quarterly and interim reporting system.

8. Other factors. The company's management and operation of a number of requirements; detailed description of the relative stability of the companies by sector, the company's position in the industry, the company's products market conditions. U.S. domestic companies listed conditions require:

(1) The company's most recent year pre-tax profit of not less than 2.5 million U.S. dollars;

(2) The public ownership of the company's stock is not less than l10 million;

(3) Company of at least 2,000 investors, each investor owns 100 shares of stock or more;

(4) Amount of common stock at market prices cases counted no less than 40 million U.S. dollars;

(5) The company's net tangible assets of not less than 40 million U.S. dollars.

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