What Is the American Stock Exchange?
In addition to the New York Stock Exchange, the American Stock Exchange (AMEX) used to be the second largest stock exchange in the United States. It is located near Wall Street in New York and is now the third largest stock exchange in the United States. The American Stock Exchange operates roughly the same way as the New York Stock Exchange. But the difference is that the American Stock Exchange is the only exchange that can trade stocks, options and derivatives at the same time. It is also the only one that focuses on small and medium-sized companies that are easily overlooked and provides a series of services to increase its attention. Degree of exchange. The AMEX has formed strategic partnerships with small and medium-sized listed companies to help them enhance the value of the company's management and shareholders, and to ensure that all listed companies have a fair and orderly market trading environment.
American Stock Exchange
apart from
American Stock Exchange ---
American Stock Exchange Listing Conditions
If a company wants to be listed on the American Stock Exchange, it must meet the following requirements:
(1) A minimum of 500,000 shares must be owned by the public on the market;
(2) At least 800 shareholders (each shareholder must have more than 100 shares);
(3) One of the following conditions is met:
The total pre-tax operating profit for three years is not less than 100 million US dollars, and the total pre-tax operating profit for two years is not less than 25 million US dollars.
The 12-month income is not less than US $ 100 million, and the total operating cash inflows over three years are not less than US $ 100 million. The two-year operating cash inflows are not less than US $ 25 million each year, and the value of the circulating stock market is not less than US $ 500 million .
The value of the circulating stock market is not less than $ 750 million, and the annual revenue is not less than $ 75 million.
When the NASDAQ exchange was not established, some existing large U.S. companies at the beginning of the company's establishment, due to the small amount of capital and the company's notoriety, chose to list on regional stocks with relatively loose listing conditions in order to raise funds to do Business expansion. For example, Exxon Corporation and General Motors Corporation have been here for the rest of their lives. After the company has grown, it will be listed on the largest New York Stock Exchange, so the American Stock Exchange Can also be called the brewing of star stocks.
American Stock Exchange Listing Advantage
Financing
The company's financing range is wide, from less than five million dollars to more than one hundred million dollars. Companies can use US-listed stocks instead of cash as the "currency" to acquire other companies.
Stocks have higher liquidity
The company raises its reputation and trust by listing on the American Stock Exchange to attract institutional and retail investors around the world. The market structure of centralized trading, better liquidity, smaller spreads and lower volatility will help create, protect and increase shareholder value.
Franchise broker system
The American Stock Exchange provides trading assistance and shares important information for each listed company. A listed company should choose a franchise broker who has the fiduciary responsibility to create the best trading market for the company's stock. In addition, the franchised broker communicates directly with the listed company to help the listed company understand the real-time status of the market and make market forecasts.
Help strengthen investor relations
The American Stock Exchange provides each listed company with special services to enhance shareholder value to help the company gain high reputation and attention in the capital market. For example, to help build good relationships with analysts and investors; to make the company's information gain widespread market attention through various channels such as investor meetings and web conferences.
More stringent listing conditions
The conditions of listing on the American Stock Exchange are lower than those on the New York Stock Exchange. For SMEs and emerging companies, listing on the American Stock Exchange is a better choice for companies to raise funds for future expansion.
The American Stock Exchange is creating financial opportunities for individual and institutional investors, as well as issuers of all industries and sizes. For countless companies, investors, and shareholders, the American Stock Exchange means new opportunities.
American Stock Exchange listing requirements
Because some companies in the world have good operating and financial conditions, but it is difficult to meet the normal listing standards of the exchange, the reason is due to the nature of the business or the continuous large amount of research and development expenses. If these companies meet the following criteria, they can also be regarded as meeting the listing requirements of the exchange.
Financial standard
project | Customary standard | Substitution criteria |
Pre-tax income | $ 750,000 | Last fiscal year or two years in three years |
Market value of public stocks | $ 3,000,000 | $ 15,000,000 |
price | $ 3,00 | $ 3,00 |
Operating period | - | 3 years |
Shareholder equity | $ 4,000,000 | $ 4,000,000 |
Distribution criteria (applies normal and alternative criteria)
| plan 1 | Scenario 2 | Option 3 | Option 4 |
Public stock | 500,000 | 1,000,000 | 500,000 | 1,000,000 |
Public Shareholders (holding more than 100 shares) | 800 | 400 | 400 | 800 |
Average daily volume | - | - | 2,000 | - |
