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In finance, "uplisting" is a term used to describe the process of a company transitioning where its stock is traded from a lower tier market, usually over-the-counter (OTC) trading, to a major exchange, like the Nasdaq or NYSE, to access the advantages of large, centralized exchanges such as increased liquidity and greater visibility and reputation.[1] [2]
To do this, a company must meet the requirements imposed by both the exchange and regulatory agencies to gain approval.[3]
Common exchange requirements include minimum share prices; minimum share counts; a minimum valuation or market capitalization; standards for revenue, debt, and other financial metrics; minimum business age; and requirements on local participation.[4]
The company must also adhere to different, often more demanding regulatory requirements.
References
edit- ^ Curry, Rachel. "Uplistings, explained (+ examples of uplisted stocks) | Public.com". Public. Retrieved 2024-06-16.
- ^ Martin, Daniel (2024-05-06). "Uplisting a Stock – What You Need to Know". www.securities.io. Retrieved 2024-06-16.
- ^ Kozak, Justin (2023-06-13). "How Uplisting Stocks Works: From OTC to Nasdaq or NYSE". Founder Shield. Retrieved 2024-06-16.
- ^ https://listingcenter.nasdaq.com/assets/initialguide.pdf