|  | | 2006 News and Press Releases | | |
HEADLINE NEWS:
Big Board to Cut Some Fees
Staff Writer - BLOOMBERG NEWS
The New York Times. November 30, 2006
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The New York Stock Exchange, which is battling the rival Nasdaq Stock Market for listings, plans to eliminate fees of as much as $250,000 for companies that transfer to the Big Board. The waiver would apply to both American and foreign companies that move from other exchanges, the NYSE Group said yesterday. Companies usually pay an annual listing fee and a one-time charge of $150,000 to $250,000. Last year, for the first time, the market value of companies lured to Nasdaq exceeded the value of listings Nasdaq lost to the Big Board. The NYSE Group is waiving the fees as it closes in on its acquisition of Euronext to create the first trans-Atlantic stock market. A spokeswoman for Nasdaq, Bethany Sherman, declined to comment on the fee change. |
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