Nasdaq has proposed rule changes to raise listing thresholds for smaller companies and impose stricter requirements for Chinese firms seeking to go public in the US.
The exchange said on September 3 that companies listing under the net income standard would be required to have at least US$15 million in public float, up from US$5 million.
Firms with listing deficiencies and a market value of securities below US$5 million would face expedited suspension and delisting.
For newly listed companies that primarily operate in China, the minimum public offering size would be set at US$25 million.
The exchange said if approved by the SEC, the changes would take effect promptly.
