Page 131 - Initial Public Offering - An Introduction to IPO on Wall Street

Total Fee Charged $345,000 (Sum of
All Fees)

According to the NASDAQ Initial Listing Guide, the following table shows the NASDAQ
listing fees:

NASDAQ Global Select Market and NASDAQ Global Market

Total Outstanding Shares Entry Fee
Up to 30 million $125,000, including $25,000 application fee
30+ to 50 million $150,000 including $25,000 application fee
50+ to 100 million $200,000, including $25,000 application fee
Over 100 million $225,000 including $25,000 application fee

NASDAQ Capital Market

Total Shares Outstanding Entry Fee
Up to 15 million $50,000, including $5,000 application fee
Over 15 million $75,000, including $5000 application fee

Registration

To file your business’s shares, you need to pay a registration fee as per the requirement of SEC.
This fee can be determined using a two-step process, as per the official SEC website, SEC.gov.
Step one requires you to multiply the sum of shares to be reported by the total offering price
per share suggested.

The value of any payments offered will then be added to this amount, giving you the cumulative
offering price. Step two directs you to determine the overall total registration fee, which is the
cumulative offering price multiplied by the existing fee rate. The calculation is illustrated in
the following example:

Note: In the example below, the 2017 fee rate of $0.0001159 was used.

Title of Amount to Be Proposed Proposed Amount of
Securities Being Registered Maximum Maximum Registration Fee
Registered Offering Price Offering Price
Per Limit Per Limit
Common 1,000,000 $16.50 $16,500,000 $1,912.35
Stock
Debt $500,000,000 $57,950
Total $516,500,000 $59,862.35

Roadshow

The cost of flights, accommodation, local transport, and any expenses related to your selected
venues are the primary costs of the roadshow. A roadshow typically lasts between 8 days and
2 weeks, as per an EY official, and the roadshow team comprises mainly of the underwriters

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