Education for stuffmonger (NYSE on top then NASDAQ) Initial Listing
To qualify for listing on the NYSE, a company must have at least 400 shareholders, with at least 1.1 million shares available to the public and a market value of the public shares of at least $40 million. Each stock must have a minimum value of $4 at the time of listing.
Minimum Trading Price
Once a stock is listed, its price is determined by public trading on the NYSE floor, where bids to buy and offers to sell are matched. The stock's price fluctuates as investors assess its worth. NYSE stocks must maintain a minimum price of $1 per share.
Listing Requirements for All Companies
- Each company must have a minimum of 1,250,000 publicly traded shares outstanding upon listing, excluding those held by officers, directors, or any beneficial owners of more than 10% of the company.
- The regular bid price of shares of the company's stock at the time of listing must be at least $4.00.
- However, a company may qualify under a closing price alternative of $3.00 or $2.00 if the company meets varying requirements.
- There must be at least three (or four depending on the criteria) market makers for the stock.
- For companies using the $3 or $2 criteria, only two market makers may be required.