Securities Law Alert: NASDAQ's New Market Categories; NASDAQ Becomes a National Securities Exchange
8/15/2006
Effective July 3, 2006, the NASDAQ Stock Market (Nasdaq) established the NASDAQ Global Select Market, a new market tier billed as having "the highest listing standards in the world," and renamed Nasdaq's existing two market tiers. The NASDAQ National Market has been renamed the "NASDAQ Global Market" and the NASDAQ SmallCap Market has been renamed the "NASDAQ Capital Market."
Companies can apply to move between market tiers at any time if they qualify under another tier's listing standards. For listing criteria including financial and liquidity requirements please see this Alert here.
