Market Regulation Listing Review
Listing Qualifications
The integrity of The Nasdaq Stock Market is dependent on the consistent and fair application of initial and continued listing standards. It is the responsibility of Nasdaq’s Listing Qualifications (LQ) Team to review and approve companies applying to list securities on Nasdaq. This team is also responsible for designating securities for options eligibility on Nasdaq’s six options markets and monitoring ongoing compliance of listed companies.
Listing with Nasdaq
Nasdaq has three market tiers: the Nasdaq Global Select Market, the Nasdaq Global Market, and the Nasdaq Capital Market. Applicants must satisfy certain financial, liquidity and corporate governance requirements to be approved for listing on any of these market tiers. For detailed information on the listing standards for each tier, please consult the Initial Listing Guide. Listing application forms and related listing materials, including a comprehensive list of FAQs are available on the Listing Center.
Preliminary Listing Eligibility
A company can seek a preliminary listing eligibility review by the Listing Qualifications team prior to applying to list on a Nasdaq exchange. Upon request, LQ staff will review the company’s public filings to determine if it meets the quantitative and qualitative listing requirements and whether any corporate governance or regulatory issues raised by the company would prohibit Nasdaq from approving the listing.
Continued Listing Requirements
Nasdaq’s quantitative listing requirements generally set higher thresholds for initial listing than for continued listing. Please consult the Continued Listing Guide for information about continued listing standards, disclosure and notification requirements, and fees. The Nasdaq Listing Center also provides a wealth of resources to facilitate company compliance with Nasdaq’s ongoing listing requirements, including a comprehensive list of FAQs.
Listing on Nasdaq
The Nasdaq Listing Center makes it easy for companies to safely and securely submit listing applications and notification forms electronically.
About the Listing Center
The Nasdaq Listing Center is our secure online document and information portal. It allows registered users to submit listing applications and required forms electronically. Since introducing the site in 2009, companies and their representatives have submitted more than 150,000 applications and forms using our online system.
All the forms required for listing, including the Listing Application, Listing Agreement and Corporate Governance Certification, can be completed electronically through the Listing Center. The Listing Center streamlines the preparation of listing applications and forms, making the listing review and approval process more efficient by pre-populating certain fields, allowing companies to upload supporting documents, and sign forms electronically. And since we can collect much of the information needed to verify compliance from publicly available sources, we have minimized the documentation you need to provide Nasdaq.
For your convenience, you can review applications and forms in preview mode. This way, you can gather the information you need without creating an account or logging in.
For more information on the listing process, initial listing requirements and fees, please take a few minutes to view our frequently asked questions and Initial Listing Guide or call Listing Qualifications at +1-301-978-8008.
The Listing Center also houses our Reference Library, which includes an extensive library of searchable frequently asked questions, staff interpretations and Listing Council decisions.
Creating an Account
To complete forms electronically, users must have an account with the Listing Center. To create a new account, please follow these instructions.
Questions?
Please don't hesitate to contact us at +1-301-978-8008 or listingapplications@nasdaq.com. We are here to help.
Required Notifications
Most notifications required by the Exchange can be completed electronically through the <a href="https://listingcenter.nasdaq.com/home.aspx" target="_blank">Listing Center</a>. For your convenience, you can review applications and forms in <a href="https://listingcenter.nasdaq.com/Forms_Preview.aspx" target="_blank">preview mode</a>. This way, you can gather the information you need without creating an account or logging in.Please see below for instructions on how to communicate with Nasdaq Staff regarding the following company actions.
| Company Action | Notification Form | Due Date |
| Apply to Transfer between Nasdaq Market Tiers (e.g., Global/Global Select to Capital Market, Capital Market to Global/Global Select) | Log in to the Listing Center and select Listing Application Market Transfer | Upon company request |
Cash Dividends and Other Cash Distributions Forward Stock Splits, Stock Dividends and Rights Offerings Interest Payments | Log in to the Listing Center and select Dividend/ Distribution/ Interest Payment Form | As soon as possible after declaration, and, in any event, no later than simultaneously with the public disclosure and no later than 10 calendar days prior to record date |
| Change in Company Name Change in Security Title or Par Value | Log in to the Listing Center and select Company Event Notification | No later than 10 calendar days after the change |
| Change in State of Incorporation or Place of Organization Change Requiring Updated Corporate Governance Certification or Listing Agreement | Log in to the Listing Center and select Company Event Notification | As soon as practicable after change |
| Change in Trading Symbol | Log in to the Listing Center and select Company Event Notification | No later than two business days prior to desired change |
| Change in Transfer Agent or Registrar Noncompliance with Corporate Governance Rules | Email notification to continuedlisting@nasdaq.com | At time of occurrence |
| Check Payments | Submit completed Check Payment Form along with payment If payment is made by wire, this form is not necessary | Payment due dates vary based on fee type |
Formation of a Holding Company that Replaces a Listed Company or Listing a New Class of Securities in Substitution for a Previously Listed Class of Securities Reverse Stock Split | Log in to the Listing Center and select Company Event Notification | No later than 15 calendar days prior to effective date |
| Hearing Request | Log in to the Listing Center and select Hearing Request Form | No later than 7 calendar days following Staff Determination |
| Increase or Decrease of 5% or More in the Number of Shares Outstanding | Submit completed Certification Form | No later than 10 calendar days after occurrence |
| Investment Management Entity and Portfolio Company Certification | Log in to the Listing Center and select Listing of Additional Shares | No later than December 31 of current year |
| Listing of Additional Shares | Log in to the Listing Center and select Listing Application Seeking to List a New Class of Securities | No later than 15 calendar days prior to the share issuance |
| Listing a New Class of Securities | Email notification to nasdaqreorgs@nasdaq.com | No later than 30 calendar days prior to the anticipated first trade date |
| Mergers | Email notification to continuedlisting@nasdaq.com | Prior to declaring the shareholder meeting date |
| Redemptions/Extensions of Derivative Securities | Log in to the Listing Center and select Rule Interpretation Request | Prior to declaring the shareholder meeting date |
| Request Rule Interpretation | Log in to the Listing Center and select Rule Interpretation Request | Upon company request |
| Tender Offers | Email notification to nasdaqreorgs@nasdaq.com | As soon as practicable |