RE: So which one has more upside potential?13 Mar 2021 14:02
This says we would need 3 MMs.
'Nasdaq Listing Requirements
For a stock or security to be listed on the Nasdaq electronic exchange, a company must:
Meet certain requirements based on its finances, liquidity, and corporate governance
Be registered with the Securities Exchange Commission (SEC)
Have at least three market makers
Meet other requirements based on company size and trading volume
Once an application is submitted, it may take anywhere between four and six weeks for the company's listing to be approved.
Nasdaq U.S. Market Tiers
Based on the listing requirements, a company's stock will be listed in one of three market tiers:
Global Select Market: This composite is made up of the stocks of U.S. and international companies and is weighted based on market capitalization. Companies listed here must pass Nasdaq's highest standards. Global Market listings are surveyed annually by Nasdaq's Listing Qualifications Department, which will move them to the Global Select Market, if eligible.
Global Market: Nasdaq's Global Market consists of stocks of companies listed in the United States and internationally. It is considered to be a mid-cap market.
Capital Market: Once called the SmallCap Market, before Nasdaq changed the name, this is a large list of companies with smaller market capitalizations.'