Comparative Analysis of Indian Stock Market with ... - Great Lakes

Financial Criteria
(A) The number of beneficial holders of stock held in "street name" will be considered in
addition to the holders of record. The Exchange will make any necessary check of such holdings
that are in the name of Exchange member organizations.
(B) In connection with initial public offerings, spin-offs and carve-outs, the NYSE will accept an
undertaking from the company's underwriter to ensure that the offering will meet or exceed
the NYSE's standards.
(C) If a company either has a significant concentration of stock or changing market forces have
adversely impacted the public market value of a company that otherwise would qualify for an
Exchange listing, such that its public market value is no more than 10 percent below the
minimum, the Exchange will consider stockholders' equity of $60 million or $100 million, as
applicable, as an alternate measure of size.
(D) Pre-tax income is adjusted for various items as defined in Section 102.01C of the NYSE
Listed Company Manual.
(E) Represents net cash provided by operating activities excluding the changes in working
capital or in operating assets and liabilities, as adjusted for various items as defined in Section
102.01C of the NYSE Listed Company Manual. Average global market capitalization for already
existing public companies is represented by the most recent six months of trading history. For
IPOs, spin-offs and carve-outs, it is represented by the valuation of the company as
represented by, in the case of a spin-off, the distribution ratio as priced, or, in the case of an
IPO/carve-out, the as-priced offering in relation to the total company's capitalization.
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©Great Lakes Herald – April 2007 Volume 1, Issue 1 by Great Lakes Institute of Management, Chennai