Advantages of listing shares for trading on an exchange include prestige and goodwill, establishment of market value, increased market visibility, wider distribution of company information, easier valuation for tax purposes and increased investor following.\r\n disadvantages of listing shares for trading on an exchange include additional controls on management, additional costs, visibility of any market indifference, requirement for additional disclosure, and the requirement to provide information to a range of individuals and organizations on a regular basis.\r\n companies must apply and be approved by the exchange(s) prior to listing.\r\n exchanges have the power to withdraw a listed securitys trading and/or listing privileges temporarily or permanently if necessary to protect investors.