On April 14th, the SEC granted immediate effectiveness to the NASDAQ Stock Market's proposal to amend Rule 5315(f)(3) to adopt a fourth initial listing standard for the Nasdaq Global Select Market. This new standard would permit listing if the company has: (i) $80 million in total assets, (ii) $55 million in stockholders' equity, and (iii) $160 million of market capitalization. Companies qualifying under this standard will also have to meet all other requirements of Rule 5315, including the ownership and market value requirements contained in Rule 5315(f) and, upon listing, would be subject to the Global Market continued listing standards. Comments should be submitted within 21 days after publication in the Federal Register, which is expected during the week of April 19. SEC Release No. 34-61904.