NASD initial listing requirements require a public float of 1,000,000 @ a minimum PPS of $4 a share. After meeting initial listing requirements, the public float may be reduced to 500,000 with a minimum PPS of $1 per share.
JJ
Posted by: Trish0949
In reply to: Fishforbreakfast who wrote msg# 48502 Date:8/19/2006 1:24:35 PM
Post #of 48619
Fishforbreakfast, I don't know about the NASDAQ as far as there being a public float, but I had read somewhere on one of the boards, there has to be 25% float for a company to be listed on the Dubai Exchange. I would think there would also have to be a certain percentage of the shares to be in the public float in order to get onto the NASDAQ.
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