NEWS BRIEFS DECEMBER 2006
NYSE Nixes Listing Fee for Issuers Transferring from Other Markets
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.”

Click here for information about NYSE Group and a cautionary note regarding forward-looking statements.

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