How do I receive a U.S. listing?

Acquiring a US listing is much less expensive and less burdensome for foreign companies than for those based in the US. Foreign companies can achieve all the benefits of trading in the US without getting a ticker symbol on the Nasdaq or New York Stock Exchange.

Surprisingly, some of the best-known companies in the world trade on the US Pink Sheets: Abbey National, Heineken, Nestlé, Nintendo, Rolls Royce, Volkswagen, Yukos Oil, BAA, BAE Systems, Cathay Pacific, Fortis, Peugot, L'Oreal, and Marks & Spencer are just a few.

Your questions have all been answered!

• Does it make sense for me?
• Do I qualify? What steps must I take?
• What are my choices?

Do these questions sound familiar…we've written a White Paper specifically to answer those questions. It's short, clear, and to the point. No fluff or philosophy. It is a quick and helpful guide to start you on your path.

Your personal White Paper reveals:

• The key SEC requirements of a foreign issuer
• 6 benefits of being a foreign issuer
• What to do if you don't qualify as a foreign issuer
• What sort of shareholder base you need, and how to get it
• The first decision you must make once you qualify
• The steps in the process of listing on the OTCBB or Pink Sheets

It's Free - all you have to do is fill out the form below and you can download the White Paper right away in Adobe Acrobat PDF format.

Need a dictionary?

The term "foreign private issuer" means any foreign issuer other than a foreign government meeting the following conditions:

More than 50 percent of the outstanding voting securities of such issuer are not held of record either directly or through voting trust certificates or depositary receipts by residents of the United States; and

Any of the following:

• The majority of the executive officers or directors are NOT United States citizens or residents,
• More than 50 percent of the assets of the issuer are NOT located in the United States, or
• The business of the issuer is NOT administered principally in the United States.

The term "resident," as applied to security holders, shall mean any person whose address appears on the records of the issuer, the voting trustee, or the depositary as being located in the United States

Registration Form:

• FORM 20-F
  If sufficient number of non-affiliated shareholders [50 or more] own sufficient amounts of free-trading, two year old, 144[k] stock [250,000 or more shares relatively equally distributed.
• FORM F-1
  Used for registering stock of non-affiliated shareholders for resale if Form 20-F isn't available.

Differences from domestic issuer requirements:

• No 10-Q's are required to be filed. Just a Form 20-F as an annual report. Not due until six months after fiscal year end.
• No 8-K's are required. However Form 6-K must be filed for information distributed to shareholders
• No proxy solicitation Schedule 14A or 14C required.
• No Forms 3, 4, 5 or 13 D/G required Insiders not subject to Section 16b short swing profit rules
• You must provide audited financial statements for the last three years, but a balance sheet for the earliest of the three years is not required. Audit must be dated within twelve months of filing.
• Interim financials: If the document is dated more than nine months after the end of the last audited financial year, it should contain consolidated interim financial statements, which may be unaudited (in which case that fact should be stated), covering at least the first six months of the financial year.

Information on non-US exchanges

Argentina
Bolsa de Comercio de Buenos Aires, Mercado de Valores de Buenos Aires S.A., Caja de Valores S.A.:Market data and information, listed companies and general overview.
Bolsa de Comercio de Rosario: Spanish Service.
Bolsa de Comercio de La Plata: Spanish Service.

Bermuda
Bermuda Stock Exchange: Offshore electronic securities market.

Bolivia
Bolsa Boliviana de Valores:General information, some market data.

Brazil
Bolsa de Valores de São Paulo: Market data, quotes and extensive market information.
Bolsa de Valores do Rio de Janeiro: Portuguese service, including market data and quotes.

Canada
TSX Group, which includes the Toronto Stock Exchange, TSX Venture Exchange, TSX Markets and TSX Datalinx, collectively manages all aspects of Canada's senior and junior capital markets.
Montreal Exchange (ME) - includes quotes of traded companies, a glossary of trading terminology, and general information.
The Winnipeg Stock Exchange merged operations with The Canadian Venture Exchange (CDNX) on November 24, 2000. This site is being maintained for archival and information purposes. Continuing information and trading activity on securities that formerly were exclusively listed on The WSE is now available through CDNX.
Winnipeg Commodity Exchange

Cayman Islands
Cayman Stock Exchange: The Exchange specialises in listing of Mutual Funds, Domestic Debt/Equity and International Debt (including SPV's and Eurobonds). This Web site contains information on the CSX and those securities which are traded and listed on the CSX.

Chile
Bolsa de Comercio de Santiago: Information about the exchange, shares and ADRs, trading, closing summary markets and brokerages.
Bolsa Electronica de Chile: Spanish service.

Colombia
Bolsa de Bogotá: Spanish service.

Ecuador
Bolsa de Valores de Guayaquil: General information on companies, funds, brokers, and the stock exchange.
Bolsa de Valores de Quito: Information about listed companies, brokerages and the market.

Jamaica
Jamaica Stock Exchange: Market data, quotes and general information.

Mexico
Bolsa Mexicana de Valores: Market data and general information

Nicaragua
Bolsa de Valores de Nicaragua - information on Nicaragua's stock exchange (in Spanish).

Panama
Bolsa de Valores de Panamá: Market data and information available, in Spanish only. English introduction.

Peru
Bolsa de Valores de Lima: Market data, quotes and extensive market information.

Venezuela
Bolsa de Valores de Caracas: Daily stock prices, bonds, brokers, and mutual funds information. Also economic data and market information available.
Venezuela Electronic Stock Exchange: Quotes, market data, company and brokerage information

Stock Exchanges: Europe

Austria
Vienna Stock Exchange: Telnet server.
The Baltic Exchange: Daily listings of the BIFFEX and Handy shipping indexes.

Belgium
Brussels Exchanges: Market data, trading summaries, company information etc.

Bulgaria
Bulgarian Stock Exchange endeavors to provide wide range of up to date information in its WWW site, to offer quality service to the investors in Bulgaria and abroad and to meet the growing needs for information on the Bulgarian securities market.

Croatia
Zagreb Stock Exchange: Market data, trading summaries, company information etc.

Cyprus
Cyprus Stock Exchange: Market data, information for investors and listed companies.

Czech Republic
Prague Stock Exchange: Market data and trading information.

Denmark
Copenhagen Stock Exchange: Facts and figures about the Exchange, its activities and markets - the share, bond, and FUTOP markets. In addition, you may find price information on all securities listed.

Estonia
Tallinn Stock Exchange - Reflects Estonian capital market, online price information and company news, daily statistics, rules and regulations, TALSE index.

Europe
European Association of Securities Dealers Automated Quotation - EASDAQ; pan-European, multi-national stock market for high-growth, internationally oriented companies.

Finland
Helsingin Arvopaperipörssi - Helsinki Stock Exchange: Service includes information such as closing prices, HEX indices, daily values of mutual fund units, and company annoucements sent to the Stock Exchange by listed companies. Links to real-time services are also provided.

France
Bourse de Paris: General information and market data.
Le Nouveau Marché: General market and company information

Germany
Germany Frankfurter Wertpapierbörse (FWB) Market data (Real Time) and other vital information. Other exchanges: Berlin, Düsseldorf, Hannover, Munich, Neuer Markt, Stuttgart

Great Britain
The London Stock Exchange: General information.

Greece
Athens Stock Exchange: Daily market data, company information

Hungary
Budapest Stock Exchange - data, charts, indexes and company information.

Italy
Italian Stock Exchange - La Borsa Valori Italiana - market data, listed companies profile, intermediaries, options and futures.

Latvia
Riga Stock Exchange: Trading results, market data and other vital information.

Lithuania National Stock Exchange of Lithuania: Daily quotes and market data, information on regulations and the market.

Luxemburg
Luxembourg Stock Exchange: Market data and information.

Macedonia
Macedonian Stock Exchange: Information and history MSE.

Malta
Malta Stock Exchange: General information, daily updates

Moldova
Moldova Stock Exchange: General information and statistics.

Netherlands
Amsterdam Stock Exchange: The central Dutch Exchange for stocks, bonds, options and futures

Norway
Oslo Stock Exchange: Market data and statistics, company and other vital information.

Poland
Warsaw Stock Exchange: Market data and information.

Portugal
Lisbon Stock Exchange: Market data and information.

Romania
Bucharest Stock Exchange: Currently, there are 115 members and 72 traded companies, out of which 12 companies are listed on the first tier.

Slovenia
Ljubljana Stock Exchange: General market information, daily and monthly trading results.

Spain
Bolsa de Barcelona - Spain: Spanish service.
Bolsa de Madrid - Madrid Stock Exchange: Daily market data and trading statistics, general market and company information.

Sweden
Stockholm Stock Exchange: Comprehensive market data and statistics.

Switzerland
Swiss Stock Exchange: Comprehensive market data and statistics, including Real Time Data.

Turkey
Istanbul Stock Exchange: Market data and information.

Yugoslavia
Belgrade Stock Exchange: General information about listings and companies.

Stock Exchanges: Asia / Pacific

Australia
ASX Sydney: Daily market data, news, quotes and other useful information.

Bangladesh
Dhaka Stock Exchange:General information and statistics.

Ceylon
Colombo Stock Exchange:Daily stock market updates from Colombo, Sri Lanka.

Hong Kong
Hong Kong Stock Exchange: Thorough introduction and history, plus a wide range of market data.

India
Bangalore Stock Exchange Limited: Some information.
National Stock Exchange of India: Comprehensive market data and information.
Karachi Stock Exchange: Market data and information.

Indonesia
Jakarta Stock Exchange: Daily information and summaries, company information and more.

Iran
Tehran Stock Exchange: Daily trades and exchange information.

Japan
Tokyo Stock Exchange (TSE): Market data and information, company listings and more.
Nagoya Stock Exchange (NSE): Market data and information, company listings and more.

Malaysia
Kuala Lumpur Stock Exchange: Information on the KLSE and the Malaysian securities industry, including daily market report and indices.

Mongolia
Mongolian Stock Exchange: Quotations and market data / information.

New Zealand
New Zealand Stock Exchange: Market and company information.

Philippines
Philippine Stock Exchange (PSE): General information.

Singapore
Singapore Stock Exchange: Quotes, charts, statistics, general information.

South Korea
Korea Stock Exchange: Market summaries and statistics, general information

Taiwan
Taiwan Stock Exchange: Daily market summary and statistics, general information.

Thailand
Thailand Stock Exchange: Provides Thai stock news and real time share prices.

Stock Exchanges: Africa / Near East

Ghana
Ghana Stock Exchange: General information and statistics.

Israel
Tel Aviv Stock Exchange: This site provides background information on the TASE, as well as up-to-date trading data, monthly main indicators and foreign currencies rates.

Jordan
The Amman Financial Market (AFM) has come a long way since its establishment in 1978 . It is a fast moving institution which has had to capture increasing demands . The AFM is presently undergoing tremendous change as its stature continues to grow both in the Middle East and beyond.

Lebanon
Beirut Stock Exchange: In September 1995, the Beirut Stock Exchange was officially reopened, and trading began in January 1996.

Mauritius
Stock Exchange of Mauritius: Comprehensive market data and information.

Namibia
Namibian Stock Exchange: Daily quotes, market data and information.

South Africa
Johannesburg Stock Exchange (JSE): Daily quotes, market data and statistics, company information, and information about the JSE.