"Maybe we will see some activity in central to eastern Europe, but China, by far, is where we see growth," he said, adding that most Chinese companies are from technological and educational sectors, as well as the consumer sector. 1," he said, followed by Latin America - Brazil and Argentina, Canada which ranks third, and Europe. "When I go outside U.S., talking about listings, everyone asks me where do you see most of the listings come from? China, No. 1 in terms of new listings among all the countries and regions, said Alex Ibrahim, head of International Capital Markets for the NYSE.Īt a press briefing held at NYSE Thursday, Ibrahim said that so far 87 companies from China have been listed on the NYSE, including both large state-owned enterprises and very cutting-edge tech and financial tech companies, with over a trillion dollars in market cap. companies, of which nine were from China, by far the No. The NYSE does not require any specific period of continuity of management.NYSE Expects Robust Momentum Of IPOs From China To ContinueĪ senior New York Stock Exchange (NYSE) official has said that IPOs by companies from China were extremely robust in 2017 and the strong momentum is expected to continue this year. An operating history of three years is generally required.
#NYSE RECENT IPOS REGISTRATION#
The registration statement must generally include three years’ audited financial statements, provided that only two years of audited financials are required for "emerging growth companies". Domestic issuers must have US GAAP financials.įinancial statements. Audited financial statements must be prepared in compliance with US GAAP or IFRS (as issued by IASB), or, if prepared in compliance with local GAAP (including any non-IASB IFRS), they must be reconciled to US GAAP. The market value of public shares must be US$40 million for IPO companies under the general domestic standards and US$100 million for other companies.Īccounting standards. To list under the alternate “foreign private issuer” standards, a company must have at least 5,000 holders of 100 shares or more and at least 2.5 million publicly held shares worldwide. To list securities in connection with an IPO, a company must have at least 400 holders of 100 shares or more and at least 1.1 million publicly held shares. At least 500 total shareholders, with an average monthly trading volume of at least 1 million shares for the most recent 12 months.At least 2,200 total shareholders and an average monthly trading volume of at least 100,000 shares for the most recent six months.At least 400 holders of 100 shares or more and an average monthly trading volume of at least 100,000 shares for the most recent six months.To list its existing securities or to transfer its listing to the NYSE, a company must have at least 1.1 million publicly held shares and meet one of the following three criteria: Shares must have a closing price (or, if listing in connection with an IPO, an offering price) of at least US$4.ĭistribution. Global market capitalization of at least US$500 million, revenues of at least US$100 million in the most recent 12-month period and three years’ aggregate cash flow of at least US$100 million (including at least US$25 million in cash flow in each of the last two years) (subject to certain adjustments).Īn “emerging growth company” that avails itself of certain provisions under the US securities laws allowing the company to report only two years of audited financial statements may qualify under alternate tests.Six months’ average global market capitalization of at least US$750 million and revenues of at least US$75 million in the most recent year.Three years’ aggregate pre-tax income of at least US$100 million, with at least US$25 million in pre-tax income in each of the last two years.
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