Compared with previous years, more companies have been delisted so far this year from the Nasdaq and from the New York Stock Exchange for failing to meet the minimum requirements, according to
Reuters. And with nary an initial public offering in sight, and listing fees making up 15% of their total revenue, the exchanges are feeling the pain.
Nasdaq has pushed out 54 companies to date this year, compared with 48 for all of 2007. Larger rival NYSE's data shows that 11 companies had been delisted due to noncompliance as of July 1. That compares to 21 delistings in all of last year and 14 in 2006, the news service said. --
Donna BlockSee Reuters item
