8 Apr 2025
📈NYSE Proposes Fee Exemption for First Five Years of Listing
Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Section 902.03 of the NYSE Listed Company Manual To Specify That During Its First Five Years of Listing a Class of Common Equity on the Exchange an Issuer Will Only Be Subject to Initial and Annual Listing Fees for Its Primary Class of Equity Securities
Summary
The SEC published a notice regarding NYSE's proposed amendment to reduce listing fees for issuers listing a primary class of common equity. The amendment aims to exempt new listings from additional fees during their first five years, enhancing predictability for companies' financial planning and encouraging more firms to take public equity.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule change reduces listing fees for newly public companies on the NYSE during their first five years. This incentive could lead to increased listings, thereby impacting financial planning, compliance costs, and market competition among firms seeking public equity.