Barriers to cross-boarder listing
• Legal issues regarding restrictions imposed by host government
• Disclosure requirements for firms entering into new stock markets.
• Previous trading record is usually required in many strong foreign exchanges.
• Requirement for a particular percent of shares to be in hands of the public.
• Minimum share price or market capitalization rules.
• Strict discipline rules e.g. no making management changes before informing the Capital Market Authorities
Identify five barriers to “cross-border” listing.
