Effective January 1, 2025, The Nasdaq Stock Market raised its all-inclusive annual listing fees for companies with equity securities listed on the Nasdaq Global Select, Global and Capital Markets. The full details concerning the fee increases and an explanation of the reasons for the increases can be found in Nasdaq’s filing with the SEC.
The following charts show the fee changes for most equity securities and American Depository Receipts (ADRs)
Equity Securities – Nasdaq Global Market (Including Nasdaq Global Select Market)
| Listed Securities | Number of Shares Outstanding | Prior All-Inclusive Annual Listing Fee | All-Inclusive Annual Listing Fee as of 1/1/2025 |
| Equity securities (other than, in part, SPACs, closed-end funds and limited partnerships)* | Up to 10 million shares | $52,500 | $56,000 |
| 10+ to 50 million shares | $65,500 | $70,000 | |
| 50+ to 75 million shares | $85,000 | $86,000 | |
| 75+ to 100 million Shares | $113,500 | $115,000 | |
| 100+ to 125 million shares | $141,500 | $143,000 | |
| 125+ to 150 million shares | $157,500 | $164,000 | |
| Over 150 million shares | $182,500 | $193,000 |
*See Nasdaq’s SEC filing for increases applicable to these securities.
ADRs – Nasdaq Global Market (Including Nasdaq Global Select Market)
| Listed Securities | Number of ADRs Outstanding | Prior All-Inclusive Annual Listing Fee | All-Inclusive Annual Listing Fee as of 1/1/2025 |
| ADRs | Up to 10 million ADRs and other listed equity securities | $56,000 | $56,000 |
| 10+ to 50 million ADRs and other listed equity securities | $63,000 | $63,000 | |
| 50+ to 75 million ADRs and other listed equity securities | $75,500 | $75,500 | |
| Over 75 million ADRs and other listed equity securities | $105,000 | $105,000 |
Equity Securities – Nasdaq Capital Market
| Listed Securities | Number of ADRs Outstanding | Prior All-Inclusive Annual Listing Fee | All-Inclusive Annual Listing Fee as of 1/1/2025 |
| Equity securities (other than, in part, SPACs, closed-end funds and limited partnerships) | Up to 10 million shares | $49,500 | $53,000 |
| 10+ to 50 million shares | $65,500 | $70,000 | |
| Over 50 million shares | $85,000 | $86,000 |
ADRs – Nasdaq Capital Market
| Listed Securities | Number of ADRs Outstanding | Prior All-Inclusive Annual Listing Fee | All-Inclusive Annual Listing Fee as of 1/1/2025 |
| ADRs | Up to 10 million ADRs and other listed equity securities | $49,500 | $53,000 |
| Over 10 million ADRs and other listed equity securities | $59,500 | $63,500 |
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