Going Public Without An IPO – Should We Consider an Uplift to Nasdaq?


Many community banks have common stock that trades on the OTC. For banks that are already publicly-traded, an uplift to Nasdaq listing combined with an Exchange Act registration may be achievable without a traditional underwritten public offering.

This session will discuss the milestones, merits and disadvantages to up listing to Nasdaq with an SEC registration, including:

  • The advantages to a Nasdaq listing and Exchange Act registration, including access to capital and being more attractive acquisition partner
  • Requirements for a Nasdaq listing
  • The process of becoming an Exchange Act registration by filing a Form 10
  • Why banks may choose to list as they approach $1.0 billion in assets
  • Why you might prefer to stay on the OTC

David Gershon
Sheppard Mullin Richter & Hampton