Hi guys,
I am currently doing my internship at a small company that is looking into listing on a stock exchange.
I am just reading through the seminar presentation slides, and it says
"Applicants must have issued share capital of at least $10 million."
"Public shareholding requirement (spread) of 10% and reasonable liquidity"
I'm a little confused about the first quote.
If the company releases 20% of its share through an IPO, does that mean the total value of that 20% has to be more than $10 million?
What does share capital requirement exactly mean?