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NYSE Listing Requirements

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The New York Stock Exchange (abbreviated as NYSE) is currently the world's most sizable stock exchange, as measured by the market capitalization of its registered companies. The NYSE listing requirements contain many tiers for different listings. In addition to being the world's largest stock exchange, the NYSE is also the oldest stock exchange in the U.S., originating on Wall Street during the financial center's formative years in the 1800's. With hundreds of billions of USD trading on the exchange everyday, and many famous celebrities having been invited to ring the opening bell, the NYSE is one of the most widely known and prestigious stock exchanges for a company to get listed on.

The NYSE's normal trading hours are between 9:30am and 4:00pm Eastern Time, Monday through Friday. The NYSE closes trading on holidays that are announced in advance.

The NYSE has both initial listing standards and continued listing standards. The standards are as follows:

Initial Listing Standards

Firms are required to meet one of the following financial standards:

Financial Standards	I: Earnings Test Rule 102.01C(I)	II: Global Market Capitalization Test Rule 102.01C(II)	Real Estate Investment Trusts Rule 102.05	Closed-end Management Investment Companies Rule 102.04A	Business Development Companies Rule 102.04B
Adjusted Pre-tax Income	Aggregate for last three fiscal years >= $10mm; Each of the two most recent fiscal years >= $2mm; Each of the prior three fiscal years >$0	-	-	-	-
Global Market Cap	-	$200 million	-	-	$75 million
Stockholders' Equity	-	-	$60 million	-	-
Market Value of Publicly Held Shares	See chart below	See chart below	See chart below	$60 million	$60 million

Firms are required to meet all of the following distribution standards:

Distribution Standards Rule 102.01A-B	IPOs, Spin-offs, Carve-outs	Transfer or Quotation			All other listings
Shareholders	400 round lot	400 round lot	2,200 round lot	500 round lot	400 round lot
Publicly held shares	1.1 million	1.1 million	1.1 million	1.1 million	1.1 million
Market Value of Publicly Held Shares	$40 million	$100 million	$100 million	$100 million	$100 million
Minimum Share Price	$4.00	$4.00	$4.00	$4.00	$4.00
Average Monthly Trading Volume (Shares)		100,000	100,000	100,000

Continued Listing Standards

The Exchange would normally give consideration to the prompt initiation of suspension and delisting procedures with respect to a security of either a domestic or non-US issuer when:

802.01A Distribution Criteria for Capital or Common Stock (including Equity Investment Tracking Stock).

OR

OR

Listing Fees:

The NYSE charges two types of fees; Listing Fees and Annual Fees. These are applied on a case by case basis, and differ depending on a firm’s structure.

For more information on listing and annual fees, please click here.

Listing Guides:

For the full NYSE listing manual, please click here.

How to Apply

Getting listed on any tier of the NYSE is a four-step process. The steps to getting listed in order are: 1. Select your market, 2. Reserving your ticker symbol, 3. Submitting your application, and 4. Selecting your DMM (Designated Market Maker). The NYSE will get back to you within 14 business to let you know if your application was accepted.

NYSE Transfer Agent

It is required for U.S. companies listed on the NYSE to utilize an SEC-registered stock transfer agent. Colonial Stock Transfer can help you with these services. Learn more about our NYSE transfer agent services.

Get Started with your NYSE Listing

If you would like help getting started on your NYSE listing, please complete this form below.