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Libraries:   FAQs - Listings
Filters:   Fees; All-Inclusive Annual Listing Fee
 
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Frequently Asked Questions
  What is the All-Inclusive Annual Listing Fee program?
Identification Number 1117
The Nasdaq's All-Inclusive Annual Listing Fee simplifies Nasdaq's the listing fee structure and eliminates all additional shares fees, record-keeping fees, and substitution listing event fees, which other exchanges charge. In addition, it also eliminates the fee for a written interpretation of the listing rules and for review by Nasdaq Staff of a compliance plan. As a result, companies will pay only a single annual fee to Nasdaq, which includes all the ordinary costs of listing for the year.
 
Publication Date*: 11/30/2017 Mailto Link Identification Number: 1117
Frequently Asked Questions
  For what time period is my company being billed the annual listing fee?
Identification Number 1094
The annual listing fee covers one calendar year (i.e., the time period from January 1 through December 31).  All companies will receive an invoice for the annual fee in the beginning of January.  This invoice is due upon receipt.
Publication Date*: 12/24/2013 Mailto Link Identification Number: 1094
Frequently Asked Questions
  When is an annual invoice due?
Identification Number 1097
Payment is due upon receipt of the invoice.
 
Publication Date*: 12/24/2013 Mailto Link Identification Number: 1097
Frequently Asked Questions
  If a company has more than one listed security, how does Nasdaq compute its listing fee?
Identification Number 1135
If a company has more than one listed security, Nasdaq will aggregate all securities that are subject to the same fee schedule and compute the company's fee for that security type based on the combined shares outstanding. There are separate fee schedules for the following types of securities and Nasdaq will aggregate all securities within each type:
  • Common stock and equivalents (such as ordinary shares or limited partnership units), preferred stock, warrants and units;
  • American Depositary Shares;
  • Closed-End Funds;
  • Convertible debentures;
  • Linked-Securities, SEEDS, and Other Securities listed pursuant to Rule 5730;
  • Exchange Traded Products, such as Portfolio Depositary Receipts, Index Fund Shares and Managed Fund Shares.
For example, a company has 100 million shares of common stock outstanding (2 million of which are restricted shares), 10 million shares of preferred stock and 10 million warrants. Nasdaq would determine the company's billing tier by adding together the shares outstanding for each of these classes, which in this case would be 120 million shares and would bill the company the All-Inclusive Annual Listing Fee applicable for that number of shares outstanding.
 
On the other hand, if the company has 90 million shares of common stock outstanding and 50 million trust preferred securities, which qualified for listing under the Other Securities listing standard contained in Rule 5730, these classes would not be aggregated because these securities are subject to different fee schedules. As a result, Nasdaq would bill the company the All-Inclusive Annual Listing Fee applicable for 90 million shares and the Other Security annual fee for 50 million shares.
 
Publication Date*: 11/30/2017 Mailto Link Identification Number: 1135
Frequently Asked Questions
  Does the All-Inclusive Annual Listing Fee program include Linked Securities, SEEDS, Other Securities or Exchange Traded Products?
Identification Number 1127
No. The All-Inclusive Annual Listing Fee Program is designed for companies that list securities described in Nasdaq's general equity fee schedule. Linked Securities, SEEDS, Other Securities listed pursuant to Rule 5730, and Exchange Traded Products are governed by separate fee schedules described in Rule 5930(b) or Rule 5940(b).
 
If a company lists one or more securities covered by the general equity fee schedule and one or more different securities governed by the separate fee schedules, it will be subject to the All-Inclusive Annual Listing Fee program for the securities covered by the general equity fee schedule, but must still pay the designated fees for the Other Securities. For example: A company has 100 million shares of common stock outstanding and 10 million trust preferred securities which were qualified under the Other Securities listing standard contained in Rule 5730. If the company elects to participate in the All-Inclusive Annual Fee program, it would pay an annual fee of $100,000 for its common stock plus an annual fee of $17,500 for its trust preferred securities.
 
Publication Date*: 11/30/2017 Mailto Link Identification Number: 1127
material_search_footer*The Publication Date reflects the date of first inclusion in the Reference Library, which was launched on July 31, 2012, or a subsequent update to the material. Material may have been previously available on a different Nasdaq web site.
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