Search Results for keywords:"initial listing liquidity requirements"

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Search Results: keywords:"initial listing liquidity requirements"

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  • 2025-02679 — Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Modify Certain Initial Listing Liquidity Requirements
    Type:Notice
    Citation:90 FR 9771
    Reading Time:about 2 minutes

    The Nasdaq Stock Market LLC submitted a proposal to the Securities and Exchange Commission (SEC) to change some of its rules for companies that want to list on its markets, particularly those that are doing an initial public offering or moving from another market. These rule changes would require that the necessary market value of publicly held shares come only from the proceeds of these offerings. The SEC has extended the time it will take to make a decision on whether to approve or disapprove these changes. The new deadline for the SEC's decision is March 30, 2025.

    Simple Explanation

    Nasdaq wants to change some rules about how companies can join their markets, and the team that checks these rules needs more time to decide if the changes are okay. They have until March 30, 2025, to make their decision.

  • 2024-30898 — Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing of Proposed Rule Change To Modify Certain Initial Listing Liquidity Requirements
    💰
    Type:Notice
    Citation:89 FR 106717
    Reading Time:about 11 minutes

    The Nasdaq Stock Market LLC has proposed a rule change that aims to modify the initial listing liquidity requirements for companies listing on the Nasdaq Global Market or Nasdaq Capital Market, particularly those undergoing an initial public offering (IPO). This change will require companies to meet the minimum Market Value of Unrestricted Publicly Held Shares (MVUPHS) solely from IPO proceeds, excluding resale shares. The proposal is intended to ensure adequate liquidity and reduce volatile trading on the listing date, aligning with the Securities Exchange Commission's objectives to protect investors and maintain orderly markets. Public comments are invited on the proposed rule changes by January 21, 2025.

    Simple Explanation

    The Nasdaq Stock Market wants to change a rule so that when a company first sells its shares to the public, it has to make sure the shares really sold in that sale, not ones just being resold, count toward showing there's enough interest from buyers. This rule helps make sure trading is smoother and less shaky on a company’s first day on the stock market.