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Frequently Asked Questions
  How does Nasdaq measure compliance with the initial listing price requirement for a seasoned company?
Identification Number 343
A company that is already trading on another market must meet the applicable minimum price requirement and, if the company is traded in the over-the-counter market the average daily trading volume requirement, on the date Nasdaq approves their listing application and is expected to list promptly thereafter.  
 
For a company traded on a non-listed market, promptly generally means within five business days of approval. If the company is listed on another exchange, promptly generally means within fifteen business days of approval, to allow for the additional time required to effect the transfer from the other market.
 
In either case, if the company's security qualifies under the alternative price listing standard with a bid price below $4, the security must meet the applicable $2 or $3 closing price for five consecutive business days in order to qualify.
 
The minimum average daily trading volume requirement for a security traded on the over-the-counter market is a minimum average daily trading volume over the 30 trading days prior to listing on Nasdaq of at least 2,000 shares a day, with trading occurring on more than half of those 30 days (i.e. at least 16 days).
 
Publication Date*: 7/31/2012 Mailto Link Identification Number: 343
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