US EditionNasdaq Proposes Changes to its Listing Standards - Nasdaq (NASDAQ:NDAQ)
Nasdaq plans higher minimum public float and faster delisting for low-value firms, with a $25 million minimum public offering for Chinese companies to strengthen market integrity.
- On September 4, 2025, Nasdaq proposed stricter listing standards that include higher minimum public float and faster delisting of thinly traded companies, focusing on Chinese firms.
- This proposal responds to U.S.-China tensions, increased scrutiny of small IPOs from China, and market issues including potential pump-and-dump schemes in cross-market trading.
- Nasdaq intends to impose a minimum fundraising requirement of $25 million from public offerings on firms mainly based in China, reinstating a previous rule to boost liquidity and enhance regulatory compliance.
- Nasdaq emphasized that these changes are designed to safeguard investors and uphold market integrity, highlighting that companies from China carry heightened risks for U.S. investors because legal recourse against manipulative practices involving these securities is limited.
- If approved by the SEC, the changes will tighten oversight on small Chinese issuers and accelerate delisting processes, reflecting ongoing efforts to balance attracting foreign firms and safeguarding U.S. markets.
14 Articles
14 Articles
Nasdaq Wants Tighter Rules for Chinese Companies Over Pump-and-Dump Schemes
Nasdaq on Sept. 3 proposed rule changes aimed at combating pump-and-dump schemes that law enforcement warns have seen a 300 percent increase this year. The exchange has submitted proposed rules to the Securities and Exchange Commission (SEC) that would establish several requirements for new listings. These include a minimum $15 million market value of public float under the net income standard, a minimum public offering proceeds requirement of $…
Nasdaq Proposes Changes to its Listing Standards - Nasdaq (NASDAQ:NDAQ)
NEW YORK, Sept. 03, 2025 (GLOBE NEWSWIRE) -- Today, Nasdaq proposed a new set of enhancements to its initial and continued listing standards, reinforcing its long-standing commitment to capital formation while ensuring investor protection and upholding market integrity. These proposed updates introduce enhanced requirements for minimum company public float and capital raised during initial public offerings, alongside stricter suspension and deli…
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