|The NYSE last month filed with the Securities and Exchange Commission for immediate effectiveness a proposal to eliminate the initial listing fee and one-time special charge applicable to corporate issuers transferring from another equities market to the NYSE. The elimination of the fees, which currently apply to both U.S. and non-U.S. issuers, will be effective immediately pending SEC waiver of regulatory waiting-period requirements.
Companies transferring to the NYSE from other markets have typically paid original listing fees ranging from $150,000 to $250,000 based on the amount of shares outstanding.
“As the highest-quality and most liquid equities market in the world, the NYSE is the global listings market of choice for qualified issuers,” said NYSE Group President and Co-COO Catherine Kinney. “We expect that the elimination of this fee will be welcome and attractive to issuers from other markets that are considering an NYSE listing.”
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