Rumour du jourRumour du jour..............
NASDAQ listing in progress.....so the question is..............when did they start it ?
It generally takes 4-6 weeks to process a listing application. This time frame is variable and may be shortened considerably, if the application raises no issues and the company responds to staff comments.
Week 1. Company submits application for listing and NASDAQ listing Qualifications staff begins its review.
Week 2-3. Staff completes its preliminary review and prepares comment letter.Week 3-4. Company addresses any issues raised by staff.
Week 5-6. Staff completes their review and company is approved for listing.
The goal of NASDAQ's listing requirements is to facilitate capital formation for companies worldwide and, at the same time, to protect investors and prospective investors in those companies through the application of quantitative and corporate governance listing requirements, which are enforced through a transparent regulatory process.
NASDAQ has three marketplaces: The NASDAQ Global Select Market, The NASDAQ Global Market and The NASDAQ Capital Market. For detailed information on the listing standards for each marketplace, please see Initial Listing Guide. NASDAQ's quantitative listing requirements generally call for companies to meet higher thresholds for initial listing than for continued listing.
Publication Date*:
7/31/2012