NASDAQ gets green light from SEC on free investor relations services

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It wasn't exactly a surprise, according to Inside Investor Relations. The SEC has approved the investor relations services bundle, which is worth as much as $169,000 to companies listing on NASDAQ – either via IPO or by defecting from NYSE. The move follows a similar program by NYSE, approved by NASDAQ, which is worth up to $100,000 but is available to all NYSE-listed companies (not just new listings).

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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Photo: vinitalytour.com via Flickr

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