Supporting early stage and mature companies, ASX Listing Rules set out requirements to list with ASX. These requirements ensure the quality of the market that ASX operates. To list with ASX, a company must satisfy the minimum admission criteria, including structure, size, free float and number of shareholders.
|ADMISSION CRITERIA||GENERAL REQUIREMENT|
|Number of shareholders||
Minimum 300 non-affiliated investors @ A$2,000
|Company size||Profit test||A$1 million aggregated profit from continuing operations over past 3 years + A$500,000 consolidated profit from continuing operations over the last 12 months|
|Assets test||A$4 million net tangible assets
A$15 million market capitalisation
Note: This is a general guide to listing requirements and is not exhaustive, nor a guarantee of a successful listing application. For full details of the ASX Listing Rules please refer to ASX Compliance at www.asx.com.au/regulation/rules/asx-listing-rules.htm.
A company that is already listed on a foreign exchange can also list on ASX as an ASX Listing or ASX Foreign Exempt Listing.
A company that dual lists on ASX as an ASX Listing must generally comply with all of the ASX Listing Rules.
An ASX Foreign Exempt Listing must comply primarily with the rules of its home exchange and is exempt from most of ASX's Listing Rules. Other than for certain New Zealand companies, high financial thresholds apply for a company to be admitted as an ASX Foreign Exempt Listing. See the Foreign Entity Report for details of these companies, or refer to the details tab on the company information page to find out if a company is an ASX Foreign Exempt Listing.