The Nasdaq Stock Market, Inc. has named the companies that are included in its new listing tier, the NASDAQ Global Select Market.
The new NASDAQ Global Select Market tier, which will become effective on July 3rd, has the highest listing standards in the world. Approximately 1200 companies qualify for this new market tier. NASDAQ will provide companies included in the new tier an array of specialized services.
In conjunction with the creation of the new tier, NASDAQ will rename the NASDAQ National Market to the NASDAQ Global Market. Approximately 1450 companies will be included in the NASDAQ Global Market. The NASDAQ Capital Market will remain as is with approximately 550 companies within this segment. All three market tiers maintain rigorous listing and corporate governance standards and have the opportunity to leverage an array of NASDAQ corporate services.
NASDAQ President and CEO Bob Greifeld noted , “NASDAQ companies are doing business on a global basis and we wanted to recognize that in the creation of our new listing tiers. We believe that the best quality companies will be attracted to the highest listing standards.”
In celebration of NASDAQ’s 35 years of electronic trading, The NASDAQ Stock Market introduced the new listing tier on February 15, 2006 to mark its anniversary.
To view a list of NASDAQ Global Select companies as of June 23, 2006, visit their website at:
Loading...