The basic listing requirements for a candidate company are:

• the shareholders' equity must be at least € 3,000,000 on a consolidated basis (in the event of non-consolidation, this criterion must be satisfied by the issuer alone)

• the issuer must have published annual financial statements, audited by a certified auditor, for at least 3 fiscal years prior to its listing application

• publication must be in accordance with I.A.S./I.F.R.S. or, in the case of foreign issuers, with equivalent accounting standards (by way of indication US GAAP)

• the issuer must have undergone a tax audit, for all the fiscal years that its annual financial statements ? with the exception of the most recent ? have been published

• the issuer must report an aggregate profit before taxes € 2,000,000  for the last 3 years and be profitable for the last 2 years or aggregate EBITDA of € 3,000,000 for the last 3 years and positive EBITDA for the last 2 years

• free float of at least 25% of total shares distributed to the public and for issuers with market cap greater than € 700,000,000 free float at least 15%

• compliance with corporate government provisions in force

• the total value of the stocks offered must be at least € 2,000,000.