NYSE American IPO Listing Requirements & Cost

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US · Americas · Small-cap

NYSE American

ICE · New York · USD

On-ramp for smaller US issuers and emerging resource/energy names.

Eligibility · Meridian Renewables (example)

Eligible

Meets listing standards; 1 governance action(s) to close before filing.

Min market cap

$50M

admission floor

Min free float

10%

public hands

Est. all-in

7.2%

on $700M

Time to list

20–24w

from kickoff

Regulator

SEC

oversight

Eligibility check

✓

Market capitalisation

Requirement: ≥ $50M

$4.8B

✓

Free float

Requirement: ≥ 10%

~15%

✓

Operating history

Requirement: ≥ 1 yrs

11 yrs

✓

Profit / revenue test

Requirement: Lower thresholds (4 standards)

Profitable

Governance standard

Requirement: SOX (US)

Gaps

✓

Accounting

Requirement: US GAAP / IFRS

IFRS

Rules as of 2026-Q2 · source: NYSE American Company Guide (SEC, US). Compiled summary — validate against the primary source before filing.

Fees & cost

Est. all-in · $700M raise$51M 7.2%

Underwriting spread6.0% · $42M

Initial listing fee$80k

Annual fee$85k

Legal · audit · IR · other$8.6M

Total all-in$51M (7.2%)

Market quality & investors

Liquidity★★★☆☆

Analyst coverage★★☆☆☆

Retail participation★★★★☆

Institutional depth★★☆☆☆

Index inclusion

Russell Microcap

Aftermarket: Mixed; volatile small-cap aftermarket

Process & sectors

Typical time-to-list20–24w

RegulatorSEC

Dual / secondary listingSupported

Min public shareholders400

Sector strength

MiningEnergyHealthcare

Notable listings: Various small-cap

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