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Nasdaq’s New Small-Cap IPO Scrutiny: How Strong Governance & a Reputable Advisor Ecosystem Reduce Listing Denial Risk
Nasdaq has signaled a decisive shift in how it intends to evaluate small-cap companies seeking to list. In its newly proposed rule change, the exchange is seeking enhanced discretionary power to deny listings - even when a company meets all current quantitative requirements. The objective is straightforward: strengthen investor protections, clamp down on manipulation risks, and increase confidence in small-cap issuers. For companies planning a capital markets event in 2026 an

Deb Banning
Dec 12, 20255 min read
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