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Reserved for international companies listed on a
qualified stock exchange in their home country,
OTCQX provides easy access for U.S.
investors, a means for increased market transparency
and liquidity, and importantly, it separates out credible
companies from the large number of economically
distressed and questionable companies that trade OTC.
OTCQX is the only highly visible electronic trading
venue in the U.S. that does not require SEC registration.
The benefits of a traditional U.S. exchange,
without the costs
OTCQX enables investment-worthy companies to be
associated with a group of high quality peers and differentiates
them from the thousands of companies trading
in the U.S. OTC market. It offers increased visibility
among U.S. investors that can improve trading efficiency,
valuation, and liquidity. Companies are
provided a suite of services to keep investor relations
personnel fully informed of U.S. trading activity.
International otcQX: Proven Success
- Companies that have chosen to delist from traditional
U.S. exchanges have maintained the majority of their
trading volume after listing on OTCQX,
without the extensive compliance costs of an SEC
registered company
- Companies upgrading from Pink Sheets to OTCQX
have experienced a significant increase in the
number of market makers, resulting in tighter spreads,
decreased share price volatility and increased market
liquidity
- Emerging growth companies have seen increased
trading volume, market visibility and investor demand
resulting from their OTCQX listing, when combined
with increased U.S. IR exposure
Investor Relations Services
- OTC Disclosure and News Service - a web-based IR
tool that improves transparency by disseminating
financial reports, news and other company disclosure
to U.S. investors
- Real-Time Level 2 Quote Display - Detailed quote
and trade information available to investors on
www.otcqx.com and company IR websites, facilitating
price discovery
- Blue Sky Monitoring Service - Experienced, professional
guidance for complying with individual U.S. state
securities laws ("Blue Sky Laws")
- OTC Market Report - a concise summary of a security's
market performance, delivered weekly via email to
designated executives and stakeholders
OTCQX Application Process
non-U.S. OTCQX companies are grouped into
two designations - OTCQX International Premier, for larger
market cap companies meeting the financial requirements
of the NYSE and OTCQX International, for emerging growth
companies.
International companies must submit an application and
must meet minimum criteria to list on OTCQX. The following requirements are part of the listing
process:
- OTCQX International Listing Application and Listing
Agreement
- Established ADR Program (for non-Canadian issuers)
- 12g3-2(b) exemption in place to provide a safe harbor
from future SEC registration
- Appointment of and sponsorship by a Principal
American Liaison (PAL) to advise on disclosure
requirements
- Confirmation Letter from PAL that company meets
OTCQX requirements
- Company listed in a recognized securities manual,
either S&P or Mergent
- Proprietary priced quotations published by a market maker
on Pink Quote, Pink OTC Markets' electronic
interdealer quotation system
- Maintain a listing on a Qualifying Non-U.S. Stock Exchange for a minimum of the preceding 40 days
OTCQX Fees
Application Fee: $5,000
Annual Listing Fee: $12,600
Contact
For more information, please visit www.otcqx.com or contact:
otcqx@pinkotc.com
(212) 896-4420 or (800) 732-7868
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