Core Points - Nasdaq has proposed changes to its listing standards, particularly increasing the minimum fundraising requirements for companies primarily operating in China [1][3] - The new rules include a minimum public float market value of $15 million for companies choosing the net income listing standard, an expedited delisting process for companies with market values below $5 million, and a minimum public offering requirement of $25 million for new listings from China [1][4] Group 1 - Nasdaq's mission emphasizes investor protection and market integrity, with the new standards aimed at providing healthier liquidity for public investors while still allowing access to emerging company stocks [3] - The introduction of the minimum public offering requirement for companies from "restricted markets" is a continuation of previous regulations aimed at enhancing investor protection and liquidity [3][4] - Nasdaq has previously implemented rules to accelerate the delisting process for companies that fail to meet certain criteria, including stock price thresholds [4][5] Group 2 - The proposed rules will be submitted to the SEC for review, with a 30-day period for companies already in the initial listing process to comply with prior standards, after which all new listings must meet the new requirements [5] - The expedited delisting procedures are set to be implemented 60 days after SEC approval [5]
重大调整!中国企业赴美上市受影响
Zheng Quan Shi Bao·2025-09-04 02:25