USlisted

US-listed refers to securities that trade on a United States stock exchange, such as the New York Stock Exchange or Nasdaq. These securities can include common stock, preferred stock, warrants, American Depositary Receipts (ADRs), and exchange-traded funds. A company may become US-listed through an initial public offering on a U.S. exchange, a cross-listing, or by issuing ADRs representing its shares domiciled abroad.

To qualify for listing, issuers must meet specific standards set by the exchange, typically related to market capitalization, stockholders’ equity, public float, number of round-lot holders, share price, and liquidity. Foreign issuers may meet some requirements through ADR programs, and some requirements can be adjusted for foreign private issuers. Once listed, issuers are subject to ongoing regulatory and reporting obligations enforced by the U.S. Securities and Exchange Commission. Public companies file annual reports on Form 10-K and quarterly reports on Form 10-Q, and must follow U.S. GAAP or IFRS with reconciliation. They must also comply with governance and disclosure rules, including independent directors and audit committee requirements, investor-relations disclosures, and Regulation FD.

Benefits of US-listed status include enhanced access to capital, higher liquidity, and greater visibility with global investors. Costs include substantial ongoing compliance, reporting, and governance requirements, as well as currency considerations for foreign issuers, and the risk of delisting if standards are not maintained. The status also subjects issuers to U.S. market surveillance and enforcement regimes.