Dental supplier Dentsply International announced recently that it is included in the Nasdaq Global Select Market, which has the highest initial listing standards of any exchange in the world (based on financial and liquidity requirements). Prior to the change, the company had been listed on the Nasdaq National Market.
“Nasdaq is focused on leading a race to the top in terms of listing qualifications,” says Bruce Aust, executive vice president of Nasdaq Corporate Client Group. “In recognizing these companies, we are highlighting their achievement in meeting the requirements to be included in the market with the highest listing standards in the world.”
Nasdaq-listed companies are classified under three listing tiers: Nasdaq Global Select Market; Nasdaq Global Market; and Nasdaq Capital Market. Nasdaq announced the three-tiered listing classification in February 2006. According to the company, all three market tiers will maintain rigorous listing and corporate governance standards.
Nasdaq plans to launch indexes based on these tiers.
[home.businesswire.com, June 30, 2006]