Listing on CAX
List your company on the California Stock Exchange.
A modern path to public markets for California's venture-backed companies — with listing standards, disclosure, and market structure designed for how innovation companies actually operate.
Eligibility overview
CAX is prioritizing California-domiciled or California-operating venture-backed issuers across software, AI, biotech, cleantech, and deep tech. Final listing standards cover minimum float, governance, audited financials, and disclosure — published ahead of the January 2027 execution.
Disclosure calibrated to growth-stage issuers
CAX disclosure is designed around forward-looking product and pipeline metrics that matter for venture-backed companies, not backward-looking dividend-payer templates originally written for industrial listings on NYSE or Nasdaq.
Cap-table and governance
Dual-class share structures, deep preferred stacks, secondary programs, and employee liquidity events are first-class considerations in CAX's rulebook — not exceptions requiring bespoke negotiation.
Frequently Asked Questions
Who is eligible to list on CAX?
At launch, CAX targets California-domiciled or California-operating venture-backed companies meeting minimum float, governance, and audited-financial requirements. Detailed listing standards are published ahead of the January 2027 execution date.
What is the CAX listing timeline?
Issuers can expect a streamlined review calibrated for growth-stage disclosure — materially shorter than the typical NYSE or Nasdaq path once eligibility is confirmed.
Can I dual-list with NYSE, Nasdaq, or another exchange?
Dual-listing frameworks are being designed. CAX intends to be interoperable with major domestic and international venues where appropriate.
Launch: July 2026 · Execution: January 2027. Get early updates on listing eligibility and access.
Register Listing Interest