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Cross Asset Strategy

United states & China / Cross Asset Strategy

<ul><li>Nasdaq is moving to tighten its listing standards, a step that could sharply limit the flow of smaller Chinese companies onto the exchange even after U.S. audit disputes have been resolved.</li><li>In a proposal announced Wednesday, the exchange said it would raise the minimum public float and fundraising requirements for new listings, while enforcing faster suspension and delisting procedures for companies that fail to meet ongoing standards.</li><li>For companies listing under income-based standards, the minimum public float would rise from $5 million to $15 million. Firms with deficiencies and a market value below $5 million could face swifter suspension and delisting. For companies that primarily operate in China, new IPOs would need to raise at least $25 million.</li></ul>

Nasdaq is moving to tighten its listing standards, a step that could sharply limit the flow of smaller Chinese companies onto the exchange even after U.S. audit disputes have been resolved.In a proposal announced Wednesday, the exchange said it would raise the minimum public float and fundraising requirements for new listings, while enforcing faster suspension and delisting procedures for companies that fail to meet ongoing standards.For companies listing under income-based standards, the minimum public float would rise from $5 million to $15 million. Firms with deficiencies and a market value below $5 million could face swifter suspension and delisting. For companies that primarily operate in China, new IPOs would need to raise at least $25 million.

Nasdaq Proposes Stricter IPO Rules, Raising Bar for Smaller Chinese Listings  