The Nasdaq Global Select Market, Nasdaq Capital Market, and Nasdaq Global Market are the three various levels of listings available on Nasdaq. There are unique listing requirements for each tier. In the event of an IPO, all companies must have 2200 total shareholders and 1.25 million outstanding shares (or 450 shareholders having 100 shares each). Unlimited shares (publicly owned shares and shareholder equity) will have a market value of at least 45,000,000 dollars. Businesses must adhere to one of following different financial norms. These include profit, capitalization, revenue, cash flow, equity, and assets.
Quantitative and qualitative standards, as well as extra conditions that must be met throughout the security listing, must be met by companies that want to list their securities on Nasdaq. Businesses must also follow corporate governance guidelines. A firm can submit a preliminary listing eligibility evaluation before submitting a complete application. The Listing Qualifications team will look at a company’s public filings in an effort to establish whether it has met the numerical listing requirements and whether there are any regulatory concerns.