AMEX LISTING REQUIREMENTS
Listing Standards for U.S. Companies
The American Stock Exchange has established certain quantitative and qualitative standards for
the initial listing of U.S. companies.
Quantitative Standards
Standard 1
Shareholders'
equity
$4 million
Pre-tax income $750,000 in last fiscal year or in two of its last three fiscal years
Distribution1 800 public shareholders and 500,000 shares publicly held
OR
400 public shareholders and 1 million shares publicly held
OR
400 public shareholders, 500,000 shares publicly held and average daily
trading volume of 2,000 shares for prior 6 months
Price $3
Market value public
float
$3 million
Standard 2
Shareholders' equity
$4
million
History operations 2 years
Distribution1
800 public shareholders and 500,000 shares publicly held
OR
400 public shareholders and 1 million shares publicly held
OR
400 public shareholders, 500,000 shares publicly held and average daily trading
volume of 2,000 shares for prior 6 months
Price $3
Market value public float
$15
million
Standard 3
Shareholders' equity $4 million
Total market
capitalization
$50 million
Distribution1 800 public shareholders and 500,000 shares publicly held
OR
400 public shareholders and 1 million shares publicly held
OR
400 public shareholders, 500,000 shares publicly held and average daily
trading volume of 2,000 shares for prior 6 months
Market value public
float
$15 million
1
Public shareholders and public float do not include shareholders or shares held directly or
indirectly by any officer, director, controlling shareholder or other concentrated (10 percent of
greater) affiliated or family holdings.
Qualitative Standards
In evaluating listing eligibility, the Exchange also considers qualitative factors such as the
nature of a company's business, market for its products, reputation of its management,
historical record and pattern of growth, financial integrity, demonstrated earnings power and
future outlook.
Market Data 
Markets 
AI
