Before a company can begin trading on an exchange, it must meet certain initial requirements. The exchanges set their own standards for initial listing, which include minimum thresholds for the number of publicly traded shares, total market value, stock price, and number of shareholders. Review the initial listing requirements for NASDAQ found at https://listingcenter.nasdaqomx.com/assets/initialguide.pdf to answer the following questions:
a. What are the three distinct tiers in the NASDAQ market? Which tier has the most stringent listing requirements?
b. What is the minimum number of shares for the NASDAQ Global Select Market?
c. Companies must meet all of the requirements of one of four standards for the NASDAQ Global Market. What are the four standards? What is the minimum bid price and number of shareholders under the standards?
d. Review the corporate governance requirements. What securities issuances require shareholder approval?