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How does NASDAQ measure compliance with the bid price requirement for initial listing when a company lists pursuant to an initial public offering?

bid COMPANY compliance initial listing lists measure NASDAQ price requirement
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How does NASDAQ measure compliance with the bid price requirement for initial listing when a company lists pursuant to an initial public offering?

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NASDAQ’s rules require a minimum bid price of $4 per share for initial listing on The NASDAQ Stock Market. An issuer listing pursuant to an initial public offering satisfies this requirement so long as the offering is priced at or above the minimum required price.

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