NASDAQ, OTC & NYSE Listing Options
Choosing the right market to list on, or deciding whether to uplist, is an important strategic decision. We help companies evaluate listing options and navigate required filings.
Market Comparison
| Criteria | OTC (OTCQX / OTCQB) | NASDAQ Capital Market | NYSE American |
|---|---|---|---|
| Minimum Financials | OTCQX U.S. Standard: Net tangible assets ($2–5MM) or revenue ($6MM). OTCQB: $0.01 bid requirement and non-shell companies. | $5MM stockholders’ equity or other qualifying standards. | Multiple standards including:
$750K pre-tax income, $50MM market cap, or $75MM total assets/revenue. |
| Minimum Share Price | OTCQX: Typically $0.25 OTCQB: $0.01 | Usually $4 for initial listing. | Typically $2–$3 depending on financial standard. |
| Shareholders | OTCQX: Approximately 50 beneficial owners.
OTCQB: Approximately 50 beneficial owners. | Minimum 300 round-lot holders. | 400–800 public shareholders depending on standard. |
| Public Float | OTCQX U.S. Premier: 500,000 shares. | 1 million shares. | 500,000–1 million shares depending on standard. |
| Market Makers | OTCQX:
1 initial, 2+ ongoing.
OTCQB: 1–2 market makers typically. | Minimum three market makers. | Designated Market Maker (DMM) system. |
| Listing Fees | OTCQX:
$5,000 application + $23,000 annual.
OTCQB: $5,000 application + $14,000 annual. | $50,000–$75,000 depending on share count. | Starting around $50,000 and may exceed $70,000. |
| Regulatory Oversight | FINRA/SEC regulated with less stringent requirements than national exchanges. | SEC-recognized national securities exchange with strong governance standards. | SEC-recognized national exchange under NYSE brand. |
Legal Experience
Have a complex business or securities matter?
Schedule a consultation or submit a confidential inquiry — both lead to the same inquiry page.