Tag Archives: listing standards

SEC advisory committee to recommend formation of small company securities exchange

By Robert C. White Jr. on January 26th, 2013 Posted in Capital Raising

An SEC advisory committee is likely to recommend that that the SEC support the formation of a new securities exchange designed especially for small cap and micro cap public companies. While this new exchange is a long way from approval and operation, strong SEC support could substantially increase its chances of successful implementation. This… Continue Reading

Proposed compensation committee independence rules will impact some issuers more than others

By David C. Scileppi on October 3rd, 2012 Posted in Corporate Governance

Issuers listed on the NYSE or Nasdaq should pay close attention to the rules proposed by the exchanges last week because the proposed rules will impact compensation committees; however, the impact may be a “tale of two exchanges” because the impact is more significant to Nasdaq-listed companies. As you may recall, Congress included several provisions… Continue Reading

Where to list: NYSE or Nasdaq?

By David C. Scileppi on July 31st, 2012 Posted in IPOs

Coke vs. Pepsi. Apple vs. Microsoft. Energizer vs. Duracell. All are great brand rivalries. Today we look at one of the biggest rivalries in the capital markets space: NYSE vs. Nasdaq. And ever since the Nasdaq debacle with the Facebook IPO, the rivalry has only intensified. Companies going public face lots of decisions including where… Continue Reading

NASDAQ Proposes Rule Change to Initial Listing Standards

By Gustav L. Schmidt on April 12th, 2011 Posted in IPOs

NASDAQ recently filed a proposed rule change with the SEC. Upon taking effect, the rule will change the way total assets and shareholders’ equity are calculated for listing purposes on the NASDAQ Global Select Market. To conform with NYSE’s treatment under their comparable standard, NASDAQ proposes to delete the requirement that total assets be demonstrated… Continue Reading

National Securities Exchanges to Adopt New Listing Standards to Ensure Independence of Compensation Committees

By David C. Scileppi on April 5th, 2011 Posted in Compensation

Last Wednesday, the SEC proposed new rules required by Section 952 of Dodd-Frank Act. Under the proposal, each national securities exchange will be required to adopt new listing standards to prohibit the listing of any issuer that is not in compliance with the exchange’s independence requirements for compensation committees. While compensation committees will need to… Continue Reading