New OTCQX Best Market International Interlisting Rules Increase Investor Introductions
Proposed amendments to the listing rules for the OTCQX Best Market are likely to benefit international companies. The rules, which will become effective from January 1, 2017, should make it easier for Canadian and other foreign companies to establish a secondary market in their shares for U.S. investors. For historical reasons, an OTC listing had come to be synonymous with penny stocks. The earliest OTC precursor, Roger Babson’s National Quotation Bureau (NQB), published a directory of broker-dealer quotations on slips of pink paper: the notorious “Pink Sheets”. Today, the OTC Markets Group is a different animal. It still lists penny…