The following are general minimum guidelines. The fact that an applicant may meet the guidelines does not necessarily mean that the applicant will be approved for listing. In certain circumstances, an applicant for the AMEX or NASDAQ may be approved even though the applicant may not meet all guidelines.
Amex | NYSE | NASDAQ National Market | Small Cap | |||||
Regular | Alternate | Regular | Alternate | Alt. 1 | Alt. 2 | Alt. 3 | . |
|
Net Tangible Assets3 | . | $40,000,000 | $6,000,000 | $18,000,000 | . |
Standard 1: |
||
Market Capitalization Total Assets Total Revenue |
. | . | $500,000,000
$200,000,000 |
. | . | $75,000,000 |
Standard
2: |
|
Shareholders' Equity | $4,000,000 |
. |
. |
. |
||||
Net Income (in last FY or 2 of last 3 FYs) |
. |
. |
$25,000,000 total over
last 3 FYs |
. |
Standard 3: |
|||
Pre-Tax Earnings (in last FY or 2 of last 3 FYs) |
$750,000 |
. |
$2,500,00 in last FY and $2,000,00 in each of the proceeding FYs or $6,500,00 total over last 3 FYs and $4,500,00 in last FY (all 3 years must be profitable) |
. |
$1,000,000 |
. |
. |
. |
Public Float (Shares) | Standard 1: 500,000 |
1,100,000 |
1,100,000 |
1,000,000 | ||||
Market Value of Public Float | $3,000,000 | $15,000,000 | $40,000,000 | $8,000,000 | $18,000,000 | $20,000,000 | $5,000,000 |
|
Bid Price | $3.00 |
. | $5.00 | . | ||||
Market Makers | . |
. | 3 | 3 | 4 | 3 | ||
Shareholders | Standard 1: 800 |
Standard 1: 2,000 round
lot holders |
400 |
300 |
||||
Average Daily Volume | Standard 3: 2,000 |
. | . | . | ||||
Average Monthly Volume (Last 6 Months) |
. |
Standard 2:
100,000 |
. | . | ||||
Operating History (years) | . | 3 | . | . | 2 | . | 1 |