What is the minimum price of a share for nyse listing?
10/27/2024 07:54pm
The minimum price requirement for a share to be listed on the New York Stock Exchange (NYSE) is $1.00. This is a key criterion for maintaining listing status, and companies must ensure their share price remains above this threshold to avoid delisting.
1. **Regulatory Compliance**: The NYSE sets forth listing requirements in its Listed Company Manual, which includes the minimum share price criterion. As of the latest information, the minimum share price is $1.00.
2. **Company Obligations**: Companies listed on the NYSE are required to maintain a minimum share price of $1.00 to comply with the exchange's continued listing criteria. If a company's share price falls below this threshold, it may receive a noncompliance notice and face the risk of delisting.
3. **Recent Examples**: Recent examples include Zevia PBC, which regained compliance with the NYSE minimum share price, having previously received a noncompliance notice due to an average closing price of less than $1.00 over 30 trading days. Similarly, Zepp Health Corporation successfully regained compliance with the NYSE minimum share price after being notified that its average closing price had fallen below $1.00 over a consecutive 30 trading-day period.
In summary, the NYSE requires a minimum share price of $1.00 for continued listing status, and companies must actively maintain this threshold to avoid delisting.