What are the conditions for listing on NASDAQ? 10

More than 300 shareholders are required. Meet one of the following conditions: shareholders' equity (net assets of the company) is not less than US$15 million, and pre-tax operating income of not less than US$1 million in at least one of the last three years.

Shareholders' equity (net assets of the company) is not less than $30 million. Not less than 2 years of business record.

The ** market value circulating on the NASDAQ is not less than $75 million, or the company's total assets and total revenue for the year are not less than $75 million. The annual financial statements must be submitted to the Securities and Futures Commission and the shareholders of the company for reference.

A minimum of three market makers must participate in the project (each registered market maker must have the ability to buy or sell more than 100 shares** at the normal bid and ask prices, and must return all traded prices and volumes to the National Trade Association (NASD) within 90 seconds of each trade).

If a company wants to be listed in the small capital market, as long as it meets the three conditions and one principle on the next page, it can apply for listing with the SEC and NASDR in the United States.

Prerequisite. Those who operate biochemical, biotechnology, pharmaceutical, science and technology hardware, software, semiconductors, network and communication equipment, franchise, manufacturing and retail chain services, etc., with an economic activity period of more than one year, and have high growth and high development potential.

Negative conditions. The net tangible asset value is more than US$5 million, or the pre-tax net profit in the most recent year is more than US$750,000, or the pre-tax income in two of the last three years is more than US$750,000, or the company's market capitalization is more than US$50 million.

Positive conditions. After the SEC and NASDR review is passed, there must be more than 300 public shares (non-IPO can set up a holding company abroad, and the original shareholders must be more than 300 people) to be listed, the so-called public shareholding according to the SEC Manual, the number of shares held by public shareholders needs to be more than the whole share, and the whole stock in the United States is the basic circulating unit of 100 shares.

The principle of good faith. There is a popular NASDAQ slang: any company can be listed, but time will tell the tale

Any company can go public, but time will tell). This means that as long as the applicant company adheres to the principle of good faith, it is a matter of time before it is listed, but time and integrity will determine everything.

NASDAQ's listing requirements can be divided into the following three categories.

Requirement 1: 1) Shareholders' equity of $15 million;

2) Have a pre-tax income of $1,000,000 in the most recent fiscal year or two of the last 3 years;

3) 1.1 million public floats;

4) the value of the public float amounted to US$8 million;

5) The purchase price per share is at least $5;

6) At least 400 shareholders holding more than 100 shares;

7) 3 market makers (market makers refer to the ** market, by the ** business legal person with a certain strength and reputation as a licensed dealer, constantly to the public investors to quote some specific ** trading**, two-way** and at the price to accept the public investors' trading requirements, with its own funds and ** with investors for ** transactions);

8) Corporate governance requirements must be met.

Requirement 2: 1) Shareholders' equity of US$30 million;

2) 1.1 million public shares;

3) the market value of the public float is US$18 million;

4) The purchase price per share is at least $5;

5) At least 400 shareholders holding more than 100 shares;

6) 3 market makers;

7) Two years of operating history;

8) Corporate governance requirements must be met.

Requirement 3: 1) The total market value is $75 million; or the total assets and total income reach 75 million US dollars respectively;

2) 1.1 million public float;

3) The market value of the public float is at least $20 million;

4) At least $5 per share;

5) At least 400 shareholders holding more than 100 shares;

6) 4 market makers;

7) Corporate governance requirements must be met.

Many businesses choose NASDAQ.

Is it because our domestic a** field is not good? Not on the contrary, our domestic A** field system is also relatively perfect, and the supervision is very strict, but it is precisely because the supervision is very strict that many companies cannot meet the standards for listing in the A** field. So choose to go to the Hong Kong ** field or go to the NASDAQ, which is what people think is the United States.

The a** listing implements a strict queuing review system, that is, there are so many companies waiting to be listed before, so you have to wait in line when you come back later. It's like going to the supermarket to buy something, the quality of the goods in this supermarket is very good, and it's suitable, but there are so many goods that can be provided every day, if you want to buy it, you have to go to the queue until you can, and the a**field is like this,Now, according to the cycle of listing on the A** market, it will not be possible to get down in two years, and it should be said that the company may not be able to be ranked in two years. <>

The NASDAQ listing implements a review and access system, and there is no limit to the number of people entering the market each year, which means that the listing cycle will be greatly shortened. If it is two years, then the average time to be listed on the NASDAQ is 6 months to 10 months, and the average is 89 months, because the other party is to review your various information for your company's strict profit capital planThere are no particularly clear requirements for the asset-liability ratio and the like, it is easier to go public, and there are no particularly high requirements for the equity structure. <>

Take a closer look and find that there are many Internet companies in China.

The scale of the Internet companies themselves is quite large, but they all choose to be in the US stocks.

Market listings and Hong Kong stocks.

Listed on the market, rather than in A-shares, because although these Internet companies are very large, their shareholding structure is relatively complex, and they need to be listed on the A** market, and they need to carry out an equity structure.

Reform also requires a clearer flow of funds.

Censorship and much more. These will increaseThe company goes publicThe difficulty of queuing, and queuing is still a big problem, and it is not necessarily when it will be in line.

Because this place should be high-tech, and it is also a place with special capital, it is also very good to invest here. It will make the company have a very big development, so many companies choose to be listed here.

It's a very good city, and the city's economic development is particularly fast, so I will choose this place.

If a company wants to list on NASDAQ, it can choose one of the following three criteria to apply:

1. Standard 1:

Shareholders' equity (net assets of the company) of US$15 million; $1,000,000 in pre-tax income in one fiscal year or two of the last three years; 1.1 million public floats; The value of the public float amounted to $8 million; The purchase price per share is at least $5; At least 400 shareholders holding more than 100 shares; 3 market makers; Corporate governance requirements must be met.

2. Standard 2:

Shareholders' equity of $30 million; 1.1 million public shares; The market value of the public float reached US$18 million; The purchase price per share is at least $5; At least 400 shareholders holding more than 100 shares; 3 market makers; Two years of operating history; Corporate governance requirements must be met.

3. Standard 3:

The total market value is $75 million; or, total assets of $75 million and gross earnings of $75 million each; 1.1 million public floats; The market value of the public float is at least $20 million; The purchase price per share is at least $5; At least 400 shareholders holding more than 100 shares; 4 market makers; Corporate governance requirements must be met.

The main listed companies on NASDAQ are: JD.com, China.com, Sina.com, Sohu.com, NetEase.com, TOM.com, Shanda Network, Qiaoxing**, Air.com, Future-free, Financial Circle, Ctrip.com, AsiaInfo Technology, Pocket Lingtong, UT Starcom, Jiucheng Customs and Trade, Ninth City, Beijing Kexing, Huayou Century, Automotive System, Pacific Business, Focus Media, Dexin Wireless, Yangling Bodison, Meidong Biotechnology, e-Dragon, Ruili.