With the spotlight on high-profile initial purchase offerings (IPO) in recent months, investors may get the impression that once a company has been listed on a stock exchange, the only way is up. However, this is not always the case, and when stocks no longer meet the minimum requirement for being listed, they can be delisted, usually with far less fanfare than the initial listing. Getting listed on a stock exchange is an expensive, and often lengthy, endeavor. For example, a US company looking to list on the NYSE first needs to request a confidential review to ascertain whether...
