Starting out
Listing
A company’s admission to trade its shares on a particular exchange, under that exchange’s rules.
How it works
Listing brings obligations: publishing accounts on a schedule, disclosing price-sensitive information promptly, and meeting minimum standards for size, free float and governance.
A company can be listed in more than one place. Secondary listings and depositary receipts let investors in one country buy a company that primarily trades in another, usually with some difference in cost, tax and voting rights.
Related terms
- ExchangeA regulated marketplace where buyers and sellers of securities are matched under published rules.
- IPOA private company selling shares to the public and listing on an exchange for the first time.
- ADRA certificate traded on a US exchange that represents shares in a foreign company.
- Free floatThe portion of a company’s shares that is actually available to trade in the market.
- DelistingA company’s shares being removed from an exchange.
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Educational reference only. Nothing here is investment advice or a recommendation to buy or sell anything, and tax treatment depends on your own circumstances and the country you are in.