The NASDAQ OMX Group, Inc. has received approval from the SEC for the creation of a new listing market known as the BX Venture Market. The BX Venture Market provides listing for early stage and smaller companies that do not qualify for a NASDAQ Capital Market listing. The BX Venture Market is expected to attract companies trading on the over-the-counter market, companies that have been or will be delisted by another market for failure to meet that market's quantitative listing standards and smaller, less-liquid companies in need of expanded capital financing opportunities and exit scenarios for initial investors. The BX Venture Market listing standards will require companies to comply with many of the same corporate governance requirements as are required for listing on other securities exchanges and maintain basic quantitative standards. The BX Venture Market is expected to launch later this year.
Additional information concerning the BX Venture Market can be found at www.bxventure.com