05:32 AM EDT, 09/04/2025 (MT Newswires) -- Nasdaq (NDAQ) said Wednesday it is proposing a set of measures designed to strengthen both initial and ongoing listing standards, with the goal of protecting investors and maintaining market integrity.

The company stated that the proposed updates include stricter requirements for minimum public float and capital raised during initial public offerings, as well as more rigorous suspension and delisting processes for companies that do not comply with Nasdaq's ongoing listing standards.

It highlighted that the updated standards set a minimum market value of public float at $15 million for new listings on Nasdaq under the net income criterion.

Nasdaq added that it will implement an accelerated process for suspending and delisting companies with listing deficiencies whose market value of listed securities falls below $5 million.

It has also proposed a minimum public offering proceeds requirement of $25 million for new listings of companies primarily operating in China.

It stated that these measures stem from a proactive review of trading activity, especially emerging patterns linked to potential pump-and-dump schemes in US cross-market trading environments.

Nasdaq stated that it is submitting the proposed rules to the SEC for review and, upon approval, plans to implement the changes to the initial listing requirements without delay.

It is proposing to allow companies currently in the initial listing process a 30-day window to complete it under the previous standards, after which all new listings must comply with the updated requirements.

Regarding the accelerated process for suspending and delisting companies, Nasdaq said it is proposing to implement the new requirements 60 days after SEC approval.