If you are looking for a way to grow your business and raise money, you might be thinking about taking your company public. By selling shares of stock in your company, you can raise capital you can use to conduct research, expand your inventory, and increase marketing. The largest Stock Exchange in the world is the New York Stock Exchange, usually shortened to NYSE. If you want to list your stock for sale on the stock exchange, how long does it take? There are several listing requirements to keep in mind.
The Requirements To Get Listed on the NYSE
First, there are several requirements that companies need to meet before they can apply for a listing on the NYSE. They include:
- There must be at least 400 shareholders who own at least 100 shares of company stock.
- The company must have at least 1.1 million shares of publicly traded stock with a share price of at least $4 per share.
- The company must have an aggregate pre-tax income of at least $10 million for the three prior years, with $2 million in each of the previous two years. Or, a company can prove that it has at least $200 million in global market capitalization.
If companies can prove that they are profitable, they can be listed on the New York Stock Exchange. Companies need to file an application to show that they are in compliance with all relevant requirements. The application will also state that the company is willing to meet the guidelines of the New York Stock Exchange.
The Timeline of the Application
Once you file your initial application with the New York Stock Exchange, you should hear back from a representative of the exchange in approximately 14 days; however, it may take several months to go through the process from start to finish. You will need to select a ticker symbol, decide which market you want to be listed on, and go through extensive documentation to qualify for a listing on the stock exchange. The SEC might also need to review your company documents to make sure you are in compliance with all government rules and regulations. In some cases, it could take up to a year before your company is listed for sale on the stock exchange.
Work With Colonial Stock Transfer To Get Listed on the New York Stock Exchange
If you want to raise capital for your business, you should think about selling shares of your company on the New York Stock Exchange. It can be a long and drawn-out process to get listed, but you can streamline the process by working with an experienced stock transfer agent. At Colonial Stock Transfer, it would be our pleasure to work with you to make sure your shareholder records, cap table, and documentation is in compliance with all relevant rules and regulations. Then, we can help you get your company listed for sale on the New York Stock Exchange. Reach out to us today to learn more about how we can help you.