Nasdaq (NDAQ) proposed a new set of enhancements to its initial and continued listing standards, reinforcing its long-standing commitment to capital formation while ensuring investor protection and upholding market integrity. These proposed updates introduce enhanced requirements for minimum company public float and capital raised during initial public offerings, alongside stricter suspension and delisting procedures for companies failing to meet Nasdaq’s continued listings standards. The revised standards include: A $15 million minimum market value of public float, applicable to new listings on Nasdaq under the net income standard; An accelerated process for suspending and delisting companies with a listings deficiency that also have a Market Value of Listed Securities below $5 million; A $25 million minimum public offering proceeds requirement for new listings of companies principally operating in China.
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