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Re: mcokpba post# 50605

Tuesday, 01/20/2009 11:20:30 PM

Tuesday, January 20, 2009 11:20:30 PM

Post# of 118239
"The O/S last was 80% Restricted (might not be case now)" I agree, as an example some international exchanges set the minimum % of shares in public hands.

The LSE as an example had thses listing requirements in 2006:

* At least 75% of the entity's business must be supported by a revenue earning record for the three years period. The UK Listing Authority ("UKLA") has the discretion to allow a shorter period in certain circumstances
* Must report significant acquisitions in the three years running up to the flotation
* Most companies, including those with diversified businesses, can list in London if they meet the suitability requirements

Market capitalisation & share in public hands

* At least 700,000 pounds for shares at the time of listing
* At least 25% of shares should be in public hands

source: http://www.pwchk.com/home/eng/ipo_cmsg_lse.html

ditch

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