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The USER Rating™ evaluates a non-U.S. public company’s readiness for broker-dealer engagement and compliance with the rigorous standards required for a public exchange listing in U.S. capital markets.
Aligning with Wall Street’s High Standards for Public Listings
Achieving a successful listing on a U.S. exchange is far more than a procedural task—it is a strategic milestone that demands exacting preparation. The U.S. capital markets reward companies that demonstrate transparency, structural integrity, and alignment with investor expectations. However, the standards set by Wall Street are among the most stringent globally, and any misstep in preparation can compromise the outcome of your listing.
Our approach is rooted in the belief that every company seeking a U.S. listing must undergo rigorous preparation to align with these high standards. This is why the USER Rating™ is so critical—it is designed to assess your company’s current standing, identify any gaps, and ensure you are fully equipped to meet the expectations of U.S. regulators, investors, and broker-dealers.
Without a disciplined and systematic approach, the risks of inadequate preparation are significant and can undermine everything your leadership team has built. With our Global Gateway Program™, we mitigate these risks by ensuring precision at every stage of your readiness evaluation and transition process.
What the USER Rating™ Delivers
The USER Rating™ provides a comprehensive evaluation of your company’s readiness to transition from your current public exchange to a U.S. listing. Through a detailed diagnostics analysis, we assess your company’s compliance with the financial, governance, legal, and operational standards required by U.S. exchanges. This process delivers:
A Clear Readiness Assessment
The USER Rating™ provides an alpha-numeric score that objectively measures your company’s preparedness for engaging with a U.S. broker-dealer and pursuing a public exchange listing. This score reflects how well your company aligns with the financial, legal, and operational standards required by U.S. capital markets. By quantifying your readiness, the USER Rating™ offers a clear benchmark for understanding where your company stands in relation to the rigorous expectations of Wall Street. This transparency allows you to make informed decisions about the next steps in your transition process.
Identification of Gaps
Through the USER Rating™ process, we identify specific areas where your company does not yet meet U.S. market requirements. These gaps may include discrepancies in financial reporting (e.g., transitioning from IFRS to U.S. GAAP), governance structures that do not align with U.S. standards, or insufficient internal controls required under the Sarbanes-Oxley Act. By pinpointing these deficiencies, we provide clarity on what needs to be addressed to achieve compliance. This targeted insight ensures that your efforts are focused on the most critical areas, saving time and resources while reducing the risk of delays or rejections during the listing process.
A Comprehensive Diagnostic Report
The USER Rating™ culminates in a detailed diagnostic report that outlines your company’s readiness status, highlights key challenges, and provides actionable insights. This report serves as a roadmap for your transition, breaking down complex requirements into manageable steps. It includes an analysis of your financials, governance, compliance, and operational alignment, along with recommendations for addressing identified gaps. With this comprehensive report, you gain a clear understanding of what is required to meet U.S. exchange standards and can confidently plan your next steps toward a successful listing.
Strategic Guidance for Next Steps
The USER Rating™ is not just an evaluation—it’s the foundation for a strategic pathway to success. Should you choose to proceed with our Global Gateway Program™, we provide tailored services to help you address the gaps identified in your USER Rating™. This includes expert guidance in corporate finance, compliance, and technology to ensure your company is fully prepared for broker-dealer engagement and a seamless transition to a U.S. public exchange. By leveraging our expertise, you can navigate the complexities of the listing process efficiently and effectively, positioning your company for long-term success in U.S. capital markets.
Why a USER Rating™ Matters
A U.S. public exchange listing offers unparalleled opportunities for growth, capital access, and global recognition—but reaching that milestone requires careful preparation. The USER Rating™ matters because it helps you:
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Understand your current position relative to U.S. exchange requirements.
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Avoid costly mistakes or delays by addressing gaps early in the process.
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Build credibility with U.S. broker-dealers and institutional investors through disciplined preparation.
With a qualifying USER Rating, companies can enter our Global Gateway Program where every step of our process is delivered through proven expertise in corporate finance, compliance, and advanced technology.
With a USER Rating™, you gain a clear, objective roadmap for transitioning your company to one of the world’s most prestigious stock exchanges.
How our USER Rating System™ Works
Our USER Rating System™ employs a sophisticated series of algorithms to evaluate a non-U.S. public company’s readiness for engagement with a U.S. broker-dealer and eventual listing on a U.S. public exchange, such as NASDAQ or NYSE.
This system assesses whether a company meets the stringent financial, legal, and operational criteria required to successfully transition to the U.S. capital markets.
The USER Rating™ is derived from alpha-numeric values calculated using proprietary data science methodologies. These calculations incorporate a comprehensive analysis of U.S. exchange requirements, current market data, and the latest SEC regulations, combined with insights gathered from the diagnostic survey completed by the company.
This ensures that every aspect of a company’s readiness is evaluated against the high standards of Wall Street.
Output Synthesis: USER Rating Report™
The final output of the USER Rating System™ is a USER Rating Report™ (USERRR™), which synthesizes the analyzed data into a structured, actionable format. This report includes:
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A detailed breakdown of the company’s readiness across key categories.
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Identification of specific gaps that need to be addressed.
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Actionable insights and recommendations for improving readiness.
The report is presented in an easily interpretable format, utilizing data visualization and natural language generation techniques to ensure clarity. This comprehensive report serves as a critical tool for companies to understand their current standing and plan their next steps toward a successful U.S. listing.
DISCLAIMER & DISCLOSURES
All Commonwealth Capital, LLC (“Commonwealth”) the USER Rating™, User Rating Report™, and related reports are subject to certain limitations and disclaimers. Please read these limitations and disclaimers within our Terms and Conditions.
Legal Disclaimer
This report includes critical legal disclosures essential to Commonwealth's operations. This disclaimer is crafted to withstand scrutiny at the highest legal levels and provide comprehensive protection against liability.
BDR Rating™ Definitions and Methodology
The detailed USER Rating™ definitions for each rating scale and category, including those related to broker-dealer engagement readiness, are available at Commonwealth USER Rating™.
Information Reliability and Verification
Commonwealth relies on factual information received from issuers, underwriters, and other credible sources. A reasonable investigation of this information, in accordance with our rating methodology, is conducted, and reasonable verification from independent sources is obtained to the extent available. This investigation and verification scope varies based on jurisdictional practices, public information availability, and access to company-related information. Users of Commonwealth USER Rating™ and USER Rating Reports™ should understand that even enhanced investigations and third-party verifications cannot guarantee the complete accuracy and comprehensiveness of the information relied upon. Ultimately, the accuracy of information remains the responsibility of the company.
Expert Opinions and Forward-Looking Statements
Commonwealth's ratings and reports depend on expert opinions, including those from independent auditors and legal professionals. Ratings and forecasts inherently involve forward-looking statements based on assumptions about future events, which cannot be verified as facts. Consequently, despite current fact verification, future events or conditions may impact ratings and forecasts.
Disclaimer of Warranties and Liability
The information provided in this report is "as is" without any warranty of any kind. Commonwealth does not warrant that the report or its contents will meet the requirements of any recipient. A USER Rating™ is an opinion-based diagnostic analysis reflecting a company's broker-dealer readiness. This opinion is derived from established criteria and continually evaluated and updated methodologies. Therefore, ratings and reports are collective work products, not attributable to individuals or groups.
Limitations of Ratings and Reports
Ratings do not address loss risks other than investment risk unless explicitly stated. Commonwealth does not engage in the offer or sale of securities, and ratings are not recommendations to buy, sell, or hold securities. Ratings do not comment on security price adequacy, investor suitability, or tax implications. The assignment, publication, or dissemination of a rating by Commonwealth does not constitute consent to use its name as an expert in any registration statement.
Advisory and Regulatory Compliance
Commonwealth Capital, LLC and its affiliates do not provide tax, legal, accounting, or investment advice. Commonwealth Capital, LLC is not a licensed Broker-Dealer or a FINRA-licensed Registered Investment Advisor. This report is for informational purposes only and should not be relied upon for tax, legal, accounting, or investment advice. Consult your own advisors before engaging in any transaction. Commonwealth Capital, LLC is not a credit rating agency and is not registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization (NRSRO).