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NYSE eases listing requirements amid coronavirus market mayhem

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NYSE eases listing requirements amid coronavirus market mayhem GlobeInvestor

This translation has been automatically generated and has not been verified for accuracy.The New York Stock Exchange has eased its listing requirements until the end of June to take the strain off companies that may have fallen out of compliance due to the market rout spurred by the coronavirus, according to a regulatory filing.

The S&P 500 has lost more than 20% since its all-time highs in mid-February, with extreme volatility whipsawing markets as the novel coronavirus has brought many businesses to a standstill and sparked mass layoffs.

The current rule change was aimed at reducing uncertainty around the ability of some companies to remain listed on the NYSE during the extreme market conditions, the NYSE said.

 

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