Which of the following is a requirement for listing on NASDAQ?

For a company to successfully list its shares on NASDAQ, it must meet certain minimum requirements laid out by the exchange to ensure liquidity and a certain level of market interest. One of the critical requirements is having at least 400 round lot shareholders. This ensures that there is sufficient public interest in the stock, contributing to a more stable and liquid market for that security.

Having 400 round lot shareholders means that there will be a minimum number of individuals or institutional investors holding shares in the company, which is essential for promoting trading activity and maintaining adequate market depth. This requirement helps to foster a robust trading environment and ensures that the stock is accessible to a broad base of investors, which is a fundamental aspect of the exchange's operational framework.

Other options present various criteria that might also relate to listing but aren’t essential for every listing on NASDAQ. For example, while having a minimum bid price greater than $2 is important for some tiers of listing, it doesn't apply universally. Similarly, the requirement of having two market makers for a stock might be relevant but is not a standalone condition for all NASDAQ listings, and requiring at least 1 million shares in issue focuses more on capitalization rather than investor participation. Therefore, the requirement for having at least 400