Kat, You are quoting the requirements for NASDAQ's Global Select...

Kat,

You are quoting the requirements for NASDAQ's Global Select Market which NEA would not be targeting anyway. If they were to do a full level 3 NASDAQ listing (and there is no reason why they would at this time for reasons I wont go into here), they would be aiming for the (non-select) Global Markets requirements whose criteria are substantially less. NEA would currently satisfy most but still short of the minimum US$75m revenue and asset criteria.

If they want US instos/investors to be able to buy their shares, they don't need a full level 3 listing anyway which enables capital raising (with full SEC/SOX reporting requirements). Level 1 and 2 listings can be easily had and enable trading only.

Cheers,