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NYSE Euronext (NYX) today announced that the U.S. Securities and Exchange Commission has approved the name change of the former NYSE Alternext US to NYSE Amex. NYSE Amex, formed by NYSE Euronext’s acquisition of the former American Stock Exchange last year, is the premiere U.S. equities market for listing and trading small and mid-cap growth companies.
The NYSE Amex platform offers its listed companies price discovery, liquidity and reduced trading volatility beyond the capabilities of markets that are solely electronic. NYSE Amex-listed companies benefit from issuer-selected Designated Market Makers who utilize world-class NYSE trading and surveillance systems.
“NYSE Amex represents the U.S. focus of NYSE Euronext in growth-oriented public companies,” said NYSE Euronext Executive Vice President Scott Cutler. “The more than seven hundred issues that joined us through our acquisition of the American Stock Exchange are uniquely positioned to take advantage of our market model, customized services and advocacy. We look forward to having many more growth companies join the NYSE Euronext family on NYSE Amex.”
Companies seeking to list on NYSE Amex are required to meet one of the following standards:
• $750,000 pre-tax income; $3 million market value public float; $3 price; $4 million stockholders equity
• $15 million market value public float; $3 price; 2 year history; $4 million equity
• $50 million market capitalization; $15 million market value of public float; $2 price; $4 million equity
• $75 million market capitalization or $75 million total assets and $75 million total revenue; $20 million market value of public float; $3 price
• $750,000 pre-tax income; $3 million market value public float; $3 price; $4 million stockholders equity
• $15 million market value public float; $3 price; 2 year history; $4 million equity
• $50 million market capitalization; $15 million market value of public float; $2 price; $4 million equity
• $75 million market capitalization or $75 million total assets and $75 million total revenue; $20 million market value of public float; $3 price
NYSE Amex lists 745 issues. Recent listings include Herald National Bank N.A. (NYSE Amex: HNB - 12/9/08), Silvercorp Metals Inc., (NYSE Amex: SVM - 2/17/09), China Green Agriculture Inc. (NYSE Amex: CGA - 3/9/09) and NIVS IntelliMedia Technology Group, Inc. (NYSE Amex: NIV - 3/13/09).
For more information about listing on the listing markets of NYSE Euronext, please click on:
http://www.nyse.com/pdfs/nyx_most_liquid.pdf
http://www.nyse.com/pdfs/nyx_most_liquid.pdf
