For information on the listing process of the American Stock Exchange, click on the topics below or use the left-hand menu. For complete details, click on American Stock Exchange Constitution & Rules or Amex Company Guide.
- Listing standards for foreign companies
- Listing fees
- Listing applications
- Corporate governance standards
- Reporting requirements
- Summary Guide
| Guidelines | Listing Guidelines | ||||
|---|---|---|---|---|---|
| Standard 1 | Standard 2 | Standard 3 | Standard 4 | Maintenance Standard 4 |
|
| Pretax income* | $750,000 | N/A | N/A | N/A | N/A |
| Market Capitalization Total Assets* Total Revenue* |
N/A | N/A | $50 million |
$75 million OR $75 million AND $75 million |
N/A |
| Market Value of Public Float |
$3 million | $15 million | $15 million | $20 million | $1 million |
| Minimum price | $3 | $3 | $2 | $3 | N/A |
| Operating history | N/A | 2 years | N/A | N/A | N/A |
| Stockholders equity 1 | $4,000,000 | $4,000,000 | $4,000,000 | N/A | $2,000,000 $4,000,000 $6,000,000 |
| Distribution Guidelines 2 | |||||
| Public stockholders | Option A : 800 Option B: 400 Option C: 400 |
300 | |||
| Public float (shares) 3 | Option A: 500,000 Option B: 1,000,000 Option C: 500,000 |
200,000 | |||
| Average daily volume | Option C: 2,000 or more for the six (6) months preceding the date of application | N/A | |||
* The applicable requirement must be satisfied in either the last fiscal year or 2 out of 3 most recent fiscal years.
1 Issuers are required to maintain $2 million in Stockholder's Equity if the issuer has losses in 2 of the most recent 3 years; $4 million if the issuer has losses in 3 of the most recent 4 years; or $6 million of the issuer has losses in the 5 most recent fiscal years.
2 Foreign companies which do not meet the distribution guidelines outlined above may alternatively qualify with 800 round-lot public shareholders worldwide, 1,000,000 publicly held shares worldwide and a $3,000,000 market value of public float worldwide.
3 Public float is defined as shares that are not held directly or indirectly by any officer or director of the issuer or by any other person who is the beneficial owner of more than 10 percent of the total shares outstanding.
4 A company with several years of losses which is unable to satisfy the equity requirements, will not be subject to delisting if it has a market cap of $50 million or total assets and revenue of $50 million each, and complies with enhanced distribution criteria including mvpf of $15 million.
