Page 108 - Initial Public Offering - An Introduction to IPO on Wall Street

An online application can be submitted to the exchange's Listing Center website by
organizations seeking to be listed on any of the NASDAQ market levels. Being listed on the
market tier of the NASDAQ is a four-step process that includes: 1. Business detail gathering,
2. NASDAQ account creation, 3. Electronic listing form completion, and 4. connecting with a
Personal Analyst. Applications filed usually take 4-6 weeks to process.

Entry Fees ( Including Initial Application fee)

The following are the entry (including the initial application fee) for the three different tiers.

NASDAQ Global Select Market and NASDAQ Global Market

Total Shares Outstanding Entry Fee
Up to $30 million $125000, including $25000 application fee
$30 million to $50 million $150,000 including $25000 application fee
$50 million to $100 million $200,000 including $25000 application fee
Over $100 million $225,000 including 25000 application fee

NASDAQ Capital Market:

Total Shares Outstanding Entry Fee
Up to $15 million $50000 including $5000 application fee
Over $15 million $75000 including $5000 application fee

4.9 NYSE Listing Requirements
The New York Stock Exchange (commonly referred to as NYSE) is currently the largest stock
exchange in the world, as determined by its listed companies' market cap. The NYSE is not
just the biggest stock exchange in the world; it is also the first stock exchange in the United
States, starting on Wall Street during the early years of the financial center in the 1800s.

The NYSE is one of the best recognized and most coveted stock exchanges for a business to
be listed on; this is because hundreds of billions of USD are traded on the exchange each day
and many prominent personalities having been invited to ring the opening bell.

The New York Stock Exchange's listing criteria are intended to draw businesses with a well-
established top-level financial record. Therefore, for businesses in the banking, industrial, and
energy resources sectors, the NYSE is the preferred exchange.

The NYSE's daily trading hours are from 9:30 am to 4:00 pm EST, Monday through Friday.
The NYSE does not allow trading on holidays that are declared beforehand.

The NYSE has both initial standards for listing and continued standards for listing. The
standards are listed below:

13
Initial Listing Standards:
Organizations must satisfy all the requirements under at least one of the financial requirements
below.

13 https://www.nyse.com/publicdocs/nyse/listing/NYSE_Initial_Listing_Standards_Summary.pdf

Page 108