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The proposed rules call for three changes to Nasdaq's current listing standards, including raising the minimum company public float and accelerating the process for suspending and de-listing companies. Nasdaq would require at least $25m public offering proceeds for new listings of companies with operations based in China, as part of its effort to protect investors from wild swings in the market and improve liquidity.
The proposed rules, which Nasdaq said are being submitted to the US Securities and Exchange Commission for approval, call for three changes to their current listing standards. The first would raise the bar for companies trying to list on the exchange, with the minimum company public float — under the net income standard — increased to $15 million. The current threshold is at least $5 million.
