RE:RE:RE:RE:RE:RE:Nasdaq listingTorontojay wrote: CandyC wrote: @TorontoJay would you know what the typical timeline would be to get the listing approved? Thanks
Application process is around 4-6 weeks give or take
4-6 weeks feels more like the application process only. There is considerable compliance that must be “proven” and corporate governance that must be integrated into daily routine in all departments. It's more than a self declare process.
While I acknowledge it's not the same, prehaps a parallet scenario to getting onto NASDAQ is something like going through SOC2 or ISO certification- long and tedious!
The cost of maintaining a TXS listing is around 6-700K a year. The cost of maintaining a NAQDAQ listing starts around M1.5 -1.75 a year, then grows as do complexities.
STC also reports in CDN currency. Prior to a US listing they’d need to start reporting in US; they invoice in US, they simply convert it all to CDN today. The bonus is that Digium and FreePBX was both US based companies so IRS filings are already a way of life.
Earlier in my career (in tech) I went from private to TSE, then a dual listing on NASDAQ and TSE…it was a beast and it set the bar higher.
Anita.