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===Examples of listing requirements=== The listing requirements imposed by some stock exchanges include: * '''New York Stock Exchange:''' the [[New York Stock Exchange]] (NYSE) requires a company to have issued at least 1.1 million shares of stock worth $40 million and must have earned more than $10 million over the last three years.<ref>{{Cite web | url=https://www.nyse.com/publicdocs/nyse/listing/NYSE_Initial_Listing_Standards_Summary.pdf | title=Overview of NYSE Quantitative Initial Listing Standards | publisher=[[New York Stock Exchange]] | access-date=22 March 2019 | archive-date=18 May 2018 | archive-url=https://web.archive.org/web/20180518150605/https://www.nyse.com/publicdocs/nyse/listing/NYSE_Initial_Listing_Standards_Summary.pdf | url-status=live }}</ref> * '''NASDAQ Stock Exchange:''' [[NASDAQ]] requires a company to have issued at least 1.25 million shares of stock worth at least $70 million and must have earned more than $11 million over the last three years.<ref>{{cite web | url=http://www.nasdaq.com/about/listing_information.stm | title=Applications, Notifications & Guides - Nasdaq Listing Center | publisher=[[NASDAQ]] | access-date=5 July 2006 | archive-date=27 September 2010 | archive-url=https://web.archive.org/web/20100927051934/http://www.nasdaq.com/about/listing_information.stm | url-status=live }}</ref> * '''London Stock Exchange:''' the main market of the [[London Stock Exchange]] requires a minimum market capitalization (£700,000), three years of audited financial statements, minimum public float (25%) and sufficient [[working capital]] for at least 12 months from the date of listing. * '''Bombay Stock Exchange:''' [[Bombay Stock Exchange]] (BSE) requires a minimum market capitalization of {{INRConvert|250|m}} and minimum public float equivalent to {{INRConvert|100|m}}.<ref>{{cite web | url=https://www.bseindia.com/ | title=Bombay Stock Exchange | publisher=[[Bombay Stock Exchange]] | access-date=22 March 2019 | archive-date=5 September 2021 | archive-url=https://web.archive.org/web/20210905144543/https://www.bseindia.com/ | url-status=live }}</ref> * '''The Shanghai Stock Exchange (SSE):''' To be eligible for an initial public offering (IPO) on [[Shanghai Stock Exchange|the Shanghai Stock Exchange]] SSE, a company must meet certain criteria such as minimum market capitalization, a minimum net profit, and a minimum number of shareholders. Also, the company’s total share capital must not be less than RMB 30 million. Companies must also submit financial reports and undergo a review by the [[CSRC]].<ref>{{Cite web |title=SHANGHAI STOCK EXCHANGE |url=http://english.sse.com.cn/ |access-date=2024-08-19 |website=english.sse.com.cn}}</ref> * '''Australian Securities Exchange in Sydney:''' [[Australian Securities Exchange|Australia Securities Exchange in Sydney]] requires a company to meet the Profit Test by demonstrating either of the following: A$1 million aggregated profit from continuing operations over the past 3 years or A$500,000 consolidated profit from continuing operations over the last 12 months. Alternatively, a company can meet the Assets Test by fulfilling one of the following criteria: A$4 million net tangible assets or A$15 million market capitalization.<ref>{{Cite web |title=A Guide to Listing & the IPO Process in Australia |url=https://www.asx.com.au/documents/resources/A-Guide-to-Listing-SEP-18-Maddocks.pdf}}</ref><ref>{{Cite web |title=ASX History |url=http://www.asxgroup.com.au/history.htm |url-status=dead |archive-url=https://web.archive.org/web/20120423052515/http://www.asxgroup.com.au/history.htm |archive-date=2012-04-23}}</ref>
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