Ilika Plc (ILIKF)

[tcrsec]

Ilika may not be ready for Nasdaq in the near future; meanwhile here it is what a quick search reveals (from Investopedia; note the minimum price of $4):

Listing Requirements in Practice

Listing requirements vary by exchange but there are certain metrics which are almost always included. The two most important categories of requirements deal with the size of the firm (as defined by annual income or market capitalization) and the liquidity of the shares (a certain number of shares must already have been issued).

For example, the NYSE requires firms to already have 1.1 million publicly-traded shares outstanding with a collective market value of at least $100 million; the Nasdaq requires firms to already have 1.25 million publicly-traded shares with a collective market value of $45 million. Both the NYSE and the Nasdaq require a minimum security listing price of $4 per share.

There is generally a listing fee involved as well as yearly listing fees, which scale up depending on the number of shares being traded and can total hundreds of thousands of dollars. Nasdaq fees are considerably lower than those of the NYSE, which has historically made the Nasdaq a more popular choice for newer or smaller firms.