Core Viewpoint - Nasdaq proposes to amend IPO rules and delisting procedures, impacting Chinese companies seeking to list in the U.S. [1] Summary by Relevant Sections Proposed Changes to IPO Standards - Nasdaq aims to enhance liquidity and investor protection by increasing the minimum public float and fundraising thresholds for new listings [3][4] - New minimum public float market value for companies listing based on net profit is set at $15 million [3] - Companies with market values below $5 million will face expedited delisting procedures [3] Fundraising Requirements for Chinese Companies - For companies primarily operating in China, the minimum fundraising requirement for IPOs is set at $25 million [3][4] - This requirement is consistent with previous standards established for "restricted markets" [5] Implementation Timeline - Proposed rules have been submitted to the SEC for review, with an immediate implementation plan upon approval [4] - Companies currently in the initial listing process will have a 30-day grace period to meet the old standards before the new requirements take effect [4] Delisting Procedures - Nasdaq has previously modified rules to accelerate delisting for companies with stock prices below $0.10 for ten consecutive trading days [5] - The timeline for delisting companies with stock prices below $1 will be shortened to 360 days starting January 2025 [5]
事关中国企业赴美上市!纳斯达克最新调整!
Zheng Quan Ri Bao Zhi Sheng·2025-09-04 05:19