Nasdaq Global Select Market
- Minimum market capitalisation
- USD 160m
- Minimum free float
- Not specified
- Track record
- Not specified
- Profit required
- No
- Minimum shareholders
- 450
- Lock-up
- Not specified
Exchange comparisons
Nasdaq or NYSE
Listing requirements of Nasdaq and NYSE compared from the directory data. Check the primary sources before making decisions.
Data checked: 6 November 2026
Key facts
| Nasdaq Stock Market | New York Stock Exchange | |
|---|---|---|
| Location | New York, United States | New York, United States |
| Regulator | U.S. Securities and Exchange Commission (SEC); Nasdaq Listing Rules 5000 series | U.S. Securities and Exchange Commission (SEC); NYSE Listed Company Manual, Section 1 |
| Trading currency | USD | USD |
| Indicative timeline | Not specified | Not specified |
| Listing segments | 3 | 2 |
Segments side by side
Figures by segment from the exchange rulebooks. Not specified means the rule does not set the figure or it has not been verified yet.
Nasdaq
Nasdaq Global Market
- Minimum market capitalisation
- USD 75m
- Minimum free float
- Not specified
- Track record
- Not specified
- Profit required
- No
- Minimum shareholders
- 400
- Lock-up
- Not specified
Nasdaq Capital Market
- Minimum market capitalisation
- USD 50m
- Minimum free float
- Not specified
- Track record
- Not specified
- Profit required
- No
- Minimum shareholders
- 300
- Lock-up
- Not specified
NYSE
NYSE - domestic standards (Section 102.01)
- Minimum market capitalisation
- USD 200m
- Minimum free float
- Not specified
- Track record
- Not specified
- Profit required
- No
- Minimum shareholders
- 400
- Lock-up
- Not specified
NYSE - worldwide standards for foreign private issuers (Section 103.01)
- Minimum market capitalisation
- USD 500m
- Minimum free float
- Not specified
- Track record
- Not specified
- Profit required
- No
- Minimum shareholders
- 5,000
- Lock-up
- Not specified
Nasdaq Stock Market
Who each exchange suits
- Technology and growth companies seeking the deepest US investor base
- Pre-profit companies: equity and market value standards do not require earnings
- Smaller issuers via Capital Market with modest equity thresholds
What to check
- SEC registration (F-1/S-1), PCAOB audit and US litigation exposure
- Tightened 2025-2026 rules: USD 15m minimum public float value, USD 25m minimum IPO for China-based issuers, accelerated delisting below USD 5m market value
New York Stock Exchange
Who each exchange suits
- Large, established and profitable companies seeking top-tier US visibility
- Foreign champions that qualify under the worldwide standards using home-market shareholders
- Industrial, financial and consumer companies wanting a broad institutional base
What to check
- Higher thresholds than Nasdaq: USD 200m market cap or USD 10m 3-year earnings; worldwide FPI standards start at USD 100m earnings or USD 500m cap
- SEC registration, PCAOB audit, Sarbanes-Oxley and US litigation exposure
Requirements change. Always confirm with the exchange and the regulator before making decisions. Educational material. Not investment, legal or tax advice.
Which of the two fits your company?
Eurasia Consulting Group compares exchanges on the numbers and structure of a specific company.
Information on this site is educational. It is not investment advice, an offer of securities or financial advice. Exchange requirements change; always check the primary sources. Full disclaimer