Initial Listing Guide

Initial Listing Guide

Introduction
Welcome to Nasdaq, where the ideas of tomorrow find capital today.
Nasdaq is a global technology company serving the capital markets and other industries. Our diverse offering
of data, analytics, software and services enables clients to optimize and execute their business vision with
confidence. A diverse selection of over 4,000 companies choose to list on Nasdaq’s U.S., Nordic and Baltic
exchanges, representing industries such as retail, health care, finance, and technology. In the U.S., Nasdaq is
the listing venue of choice for many of the world’s most exciting companies.
This document is designed to be a practical guide to the listing process. Here you will find essential
information your company needs to pursue a listing on Nasdaq, including timelines, document checklists,
listing requirements, and fee structures. You will also find an overview of the corporate support services
provided to Nasdaq-listed companies.
For your convenience, listing application forms and related listing materials are available electronically
through the Nasdaq Listing Center.
Questions regarding the listing process should be directed to Listing Qualifications at +1 301 978 8008. Please
also review our list of frequently asked questions.

Listing Timeline
While it generally takes four to six weeks to process a listing application, this time frame is variable and may
be shortened considerably, if the application raises no issues and the company responds quickly to Staff
comments.
Week 1. Company submits application for listing and Nasdaq Listing Qualifications Staff begins its review.
Weeks 2-3. Staff completes its preliminary review and prepares comment letter.
Weeks 3-4. Company addresses any issues raised by Staff.
Weeks 5-6. Staff completes their review and company is approved for listing.
Short Document Checklist
Since we are able to gather much of the information needed to verify compliance from publicly available
sources, the forms and supporting documentation you need to apply to Nasdaq should take only a short time
to prepare. You may click on the links below to preview the respective form.
1. Symbol Reservation Form. This form is required to reserve or change your trading symbol. Symbol
reservation requests may be submitted up to two years in advance and can be completed online through the
Listing Center. Symbol reservations are not required for non-convertible bonds, other than baby bonds.
2. Listing Application. This form can be completed online through the Listing Center.
3. Listing Agreement. This form can be completed online through the Listing Center.
4. Corporate Governance Certification. This form can be completed online through the Listing Center.
5. Submit Application Fee. Companies must submit the application fee with their application. The full entry 
fee is due prior to the first day of trading. All payments must be made by wire transfer. Wire payment 
instructions can be found here. 
6. Logo Submission Form. This form can be completed online through the Listing Center.

Initial Listing Guide