The chapter read for Unit 6 on capital markets focuses on long-term financing and the various stock markets. Each stock market has its own listing requirements, and this exercise will look at the New York Stock Exchange listing requirements vs the NASDAQs listing requirements.

The ten largest U.S. stocks by market capitalization are:

Name Ticker Market Cap Exchange

Apple AAPL 868,109.47 NASDAQ

Alphabet Inc A GOOGL 714,682.93 NASDAQ

Microsoft Corp MSFT 640,156.69 NASDAQ

Amazon.com Inc AMZN 542,920.56 NASDAQ

Facebook Inc A FB 517,088.67 NASDAQ

Berkshire Hathaway INC B BRK.B 448,570.08 NYSE

Johnson & Johnson JNJ 373,694.94 NYSE

Exxon Mobil Corp XOM 344,095.38 NYSE

JPMorgan Chase & Co JPM 340, 692.35 NYSE

Bank of America Corporation BAC 279,436.14 NYSE

1. Why do you think that the five largest stocks all have the NASDAQ as their primary exchange?
2. Do your own research on the differences in the listing requirements for a U.S. company to list its stock on the NYSE and on NASDAQ. You may use nyse.com and nasdaq.com or other resources that explain the differences. Based on your research, what are the major differences?