What are NASDAQ's listing requirements for companies?

NASDAQ's listing requirements for companies include meeting certain financial, liquidity, and corporate governance standards. Companies must have a minimum bid price for their shares, typically $4, and a specified number of publicly traded shares. They are also expected to have sufficient operating history and fully audited financial statements. In terms of liquidity, NASDAQ assesses companies' average daily trading volume and market value of publicly held shares. Additionally, firms need a sufficient number of independent directors and adherence to corporate governance standards. To apply for listing, companies must complete an application, submit required documentation, and pay applicable fees. NASDAQ reviews all applications thoroughly based on these requirements to determine eligibility for listing on their exchange. By setting such criteria, NASDAQ ensures that companies listed on their exchange meet certain benchmarks of financial stability, transparency, and market relevance.