There are various ways to go public in the US. There are three key levels of listing:
Here are the levels of stock listing.
OTC PINK SHEETS:
The most well-known quotation service for over the counter securities usually called "the pinks". There are technically no prerequisites for reports or audited financials on the pinks, but, the pinks have instituted their own voluntary reporting system and enforce it by publishing symbols to denote the level of disclosure each company is subscribing to. To publish voluntary details requires charges of about $5000 a year.
THE OTC BB: The OTC Bulletin Board is managed by the Financial Industry Regulatory Authority (FINRA) and mandates that all companies whose equity is traded on the OTC Bulletin Board maintain their current reporting status with the Securities and Exchange Commission (SEC), which requires current audited financial statements. There are no fees paid to FINRA for this quotation, but maintaining a public company current with its SEC reports can easily cost $25,000 - $50,000 a year.
EXCHANGES:
The OTC PINK SHEETS and the OTC Bulletin Board are convenient stock markets particularly for budding and new companies, but clients with well established businesses will want to be on one of the developed and higher stock exchanges - Nasdaq Small-Cap, Nasdaq NMS or NYSE. Each of these stock exchanges has its own qualifications that a firm must meet to be listed on the exchange. Usually the types of qualification factors they look for include asset levels, number of financial partners, required Board level committees, incomes, and market capitalization. In addition all exchanges require the company to maintain a current reporting status in the Securities and Exchange Commission (SEC). Listing on the exchanges usually involves charges of nearly hundreds of thousands of dollars.
For a US company a quotation on the US stock markets strengthen points. For Example, a quotation is a method to:
1) Grow your company easier and make it more powerful by increasing your ability to attract "mergers", "acquisitions" and also "strategic partners;
2) Grow your company faster and make it more powerful by improving its ability to compete for large corporate deals;
3) Leverage your personal ROI as an owner by minimizing the amount of time it requires to make money on your investment, as well as increasing the valuation of your company, as well as, adjusting the liquidity of your asset to a much more liquid form than that of a private firm;
4)Raise money more quickly and cheaper by increasing the "liquidity" factor for your shareholders
Now most of these factors are for organizations going public from scratch. For those of you looking to buy a shell corporation (public shell), to go for mergers, then you might want to consider changing a quotation as stated above. For more tips on this topic try googling phrases like "mergers companies" or "reverse mergers".
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