Under New Rule, NYSE-only Listed Companies from Outside North America Can Comply with Holder Distribution Standards on a Global Basis
By EsqSocial Corporation 08/05/25
On May 2, the Securities and Exchange Commission approved an amendment to Section 102.01 of the New York Stock Exchange (NYSE) Listed Company Manual allowing companies organized outside North America (i.e., outside the U.S., Canada, and Mexico) listing in connection with an initial public offering (IPO)—and not listed on any other regulatory exchange—to take into account all of their stockholders on a global basis in complying with the NYSE’s minimum stockholder distribution standards....
By: Ropes & Gray LLP