Inside Investor Relations reports: ‘As with the NYSE decision, the SEC approved NASDAQ's free services bundle in light of the ‘competitive environment' for attracting listings.'
The rules say that companies going public, spin-offs, those emerging from bankruptcy and those switching from NYSE ‘will be eligible for a variety of new IR services for a limited period of time.' For companies with market caps under $500 mn, the package is worth $93,000 a year for two years. For large caps, it's $75,000 a year for four years.'
Read the rest of the article, including what opponents of the package think, on Inside Investor Relations.
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