Nasdaq(US:NDAQ) Sou Hu Cai Jing·2025-09-04 06:23Core Points - Nasdaq proposed amendments to its listing standards, which are currently under review by the SEC and will be implemented upon approval [2] - The adjustments are part of Nasdaq's proactive investigation into trading activities, particularly addressing emerging "pump-and-dump" schemes in the U.S. cross-market trading environment [2] - Nasdaq aims to enhance investor protection and improve liquidity by establishing minimum fundraising requirements for IPOs, reflecting the current market conditions [2] Summary by Category - Minimum Fundraising Requirements - For companies choosing net profit standards, the minimum public float market value at listing is set to $15 million, up from $5 million [3] - Companies with listing deficiencies and a market value below $5 million will face expedited suspension and delisting processes [3] - New companies primarily operating in China will have a minimum IPO fundraising requirement of $25 million [3] - Market Environment and Oversight - Nasdaq has strengthened its scrutiny of small IPOs from mainland China and Hong Kong over the past year [2] - As of March, over 280 Chinese companies are listed on Nasdaq and the NYSE, with a total market capitalization of approximately $1.1 trillion [2]