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ARTICLE · 14 MAY 2012

SEC Approves Nasdaq Proposal For Alternative Minimum Bid Price Listing Requirement

Cozen O'Connor
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On April 18, 2012, the U.S. Securities and Exchange Commission (SEC) granted accelerated approval of a final rule adopting a more relaxed alternative to the current $4.00 per share minimum bid price initial listing requirement for the NASDAQ Capital Market (Nasdaq).

United StatesFinance and Banking
F. Alec Orudjev
F. Alec Orudjev
Cavas Pavri
Cavas Pavri

On April 18, 2012, the U.S. Securities and Exchange Commission (SEC) granted accelerated approval of a final rule adopting a more relaxed alternative to the current $4.00 per share minimum bid price initial listing requirement for the NASDAQ Capital Market (Nasdaq). The stated purpose of the Nasdaq proposal was to level the competitive playing field between Nasdaq and the New York Stock Exchange (NYSE) Amex so as to allow Nasdaq to compete more effectively with NYSE Amex for initial listings of companies. In addition to increasing competition, this change is also anticipated to benefit smallcap companies by allowing greater access to capital markets and facilitating capital formation and flow.

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