NYSE To Eliminate Listing Fee Applicable To Issuers Transferring From Other Markets

The New York Stock Exchange (NYSE), a subsidiary of NYSE Group, Inc., (NYSE: NYX) today filed with the U.S. Securities and Exchange Commission (SEC) for immediate effectiveness a proposal to eliminate the initial listing fee and one-time special charge applicable to corporate issuers transferring from another equities market to the NYSE.  The elimination of the fees, which currently apply to both U.S. and non-U.S. issuers, will be effective immediately pending SEC waiver of regulatory waiting period requirements.

Companies transferring to the NYSE from other markets have typically paid original listing fees ranging from $150,000 to $250,000 based on the amount of shares outstanding.

“As the highest quality and most liquid equities market in the world, the NYSE is the global listings market of choice for qualified issuers,” said Catherine R. Kinney, NYSE Group President and co-Chief Operating Officer.  “We expect that the elimination of this fee will be welcome and attractive to issuers from other markets that are considering an NYSE listing.”

Click here to view the rule filing.