NASDQ Heightens Listing Standards For Third Market Tier

The Nasdaq Stock Market, Inc. plans to create a new market tier for public companies. The standards for the new "NASDAQ Global Select Market," will have financial and liquidity requirements that are higher than those of any other market. For

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The Nasdaq Stock Market, Inc. plans to create a new market tier for public companies. The standards for the new “NASDAQ Global Select Market,” will have financial and liquidity requirements that are higher than those of any other market.

For the first time in its 35-year history, NASDAQ will offer three market tiers. In addition to the NASDAQ Global Select Market, NASDAQ offers the NASDAQ Global Market (the new name for the NASDAQ National Market) and the NASDAQ Capital Market (formerly the NASDAQ Small Cap Market).

NASDAQ expects to implement the new tier on July 1, 2006.

“We have created a blue chip market for blue chip companies,” said Bob Greifeld, NASDAQ president and CEO. “NASDAQ is raising its financial listing standards above that of any other market globally to attract and retain companies that want to trade on the market with the highest listing standards.”

More than one thousand NASDAQ companies currently qualify for the new tier, and approximately 1,650 companies will meet the standards for the “Global Market” tier and that 550 companies will qualify for the “Capital Market” tier.

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