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IJNT - Bedingungen für NASDAQ-Listing - 500 Beiträge pro Seite

eröffnet am 28.11.99 13:44:20 von
neuester Beitrag 28.11.99 14:13:19 von


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 Ja Nein
    Avatar
    28.11.99 13:44:20
    Beitrag Nr. 1 ()
    Hi Leute. Habe mir mal die Mühe gemacht, die Bedingungen für ein NASDAQ-Listing zu recherchieren: Ihr findet sie auch unter http://www.nasdaq.com/about/scm.stm

    Grüße

    Ymas
    ---------------------------------------

    The current amendments to The Nasdaq Stock Market listing requirements, which were approved by The U.S. Securities and Exchange Commission on August 22nd, 1997, further strengthen both the quantitative and qualitative requirements for issuers listing on Nasdaq®. For the first time, corporate governance requirements applicable to the Nasdaq National Market will extend to The Nasdaq SmallCap Market. These changes materially enhance the threshold criteria necessary to qualify for listing on The Nasdaq SmallCap Market.

    Significant changes are highlighted below:

    $1 Minimum Bid Price Required for Common and Preferred Stock
    Common and preferred stock must have a minimum bid price of $1. The $1 bid price requirement provides a safeguard against certain market activity associated with low-priced securities, and also enhances the credibility of the market. Nasdaq is the only market that has a stated minimum bid price requirement.
    Increase in the Quantitative Requirements
    Increases to the quantitative requirements are detailed in the attached table. These increases will strengthen the financial criteria in a manner consistent with the goal of increasing the quality and stability of Nasdaq companies, while preserving the ability of qualified companies to raise capital.

    Adoption of Peer Review Requirement
    All independent auditors for Nasdaq-listed companies must be subject to practice monitoring under a program such as the AICPA SEC Practice Section peer review program. Such a program must provide that an accounting firm’s quality control system be peer reviewed every three years.

    Adoption of Corporate Governance Requirements
    A summary of the corporate governance requirements for companies listed on The Nasdaq SmallCap Market are presented below. Details regarding these requirements will be forth coming.

    Distribution of annual and interim reports
    A minimum of two independent directors
    An audit committee, a majority of which are independent directors
    An annual shareholder meeting
    Quorum requirement
    Solicitation of proxies
    Review of conflicts of interest
    Shareholder approval for certain corporate actions
    Voting Rights
    Nasdaq believes that the new requirements will further the protection of investors while enhancing the quality of The Nasdaq Stock Market. Companies failing to satisfy the new continued listing requirements will be allowed until February 23, 1998 to meet the new requirements. Companies should initiate appropriate corporate action necessary to achieve full compliance by February 23, 1998.


    The Nasdaq SmallCap Market Requirements Requirements Initial Listing Continued Listing
    Net Tangible Assets1

    Market Capitalization

    Net Income (in latest fiscal year or 2 of last 3 fiscal years) $4 million
    or
    $50 million
    or
    $750,000 $2 million
    or
    $35 million
    or
    $500,000
    Public Float (shares)2 1 million 500,000
    Market Value of Public Float $5 million $1 million
    Minimum Bid Price $4 $1
    Market Makers 3 2
    Shareholders (round lot holders)3 300 300
    Operating History4

    Market Capitalization 1 year
    or
    $50 million N/A
    Corporate Governance Yes Yes


    1For initial or continued listing, a company must satisfy one of the following to be in compliance: the net tangible assets requirement, (net tangible assets means total assets, excluding goodwill, minus total liabilities) the market capitalization requirement or the net income requirement.
    2Public float is defined as shares that are not held directly or indirectly by any officer or director of the issuer and by any other person who is the beneficial owner of more than 10 percent of the total shares outstanding.
    3Round lot holders are considered holders of 100 shares or more.
    4If operating history is less than 1 year, initial listing requires market capitalization of at least $50 million.
    Avatar
    28.11.99 14:13:19
    Beitrag Nr. 2 ()
    Gut!!! Das wird doch von IJNT gebracht! Also kommen die jetzt an NASDAQ! Und dann kaufen US-Fonds die Aktie und dann geht der Kurs steil nach oben!!! Also: Nachkaufen, solange die Aktie noch unter 10$ ist!!!


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    IJNT - Bedingungen für NASDAQ-Listing