More Efficient Access to U.S. Capital Markets

Many foreign issuers are unaware that there are limitations as to what can be achieved by solely listing in their home (primary) market.  At a time of continued uncertainty around fiscal and monetary policies, the influence of geopolitical factors and their impact on the global economy, gaining access to the U.S. capital markets is imperative for many international companies.  Now more than ever, companies must consider efficient ways to expand their global footprint and engage a U.S. audience to broaden and diversify their shareholder base.

While a U.S. exchange may be perceived to be the natural home for issuers looking to access institutional investors, international companies are subject to onerous U.S. exchange listing requirements and accounting standards that can increase risk and become resource-intensive, time-consuming and cost prohibitive for global IROs with limited budgets.

The OTCQX Market leverages more streamlined requirements and allows foreign issuers to utilize SEC reporting exemption Rule 12g3-2(b) to remove these trading restrictions — complementing a company’s home market reporting and the enhancing their investor relations strategy. This provides companies listed on foreign exchanges with more efficient options for accessing institutional and private investors in the U.S., while improving liquidity and visibility.

Large global brands including easyJet plc, Imperial Brands, J Sainsbury plc and Marks & Spencer, as well as adidas, BASF SE, Heineken, Repsol, Roche Holding Ltd. and Wal-Mart de Mexico S.A.B. de C.V., have made the OTCQX Market the trading venue of choice for both their ADR and ordinary shares. These industry leaders share a commitment to providing their investors with the highest levels of transparency and a premium trading experience on the OTCQX Market.

Our newest whitepaper, OTCQX: The Cost-Effective Way to Access the U.S. Capital Markets, focuses on providing an efficient U.S. market experience that best reflects your home market prestige and ways in which to access the breadth of the U.S. equity market.

Topics include:

  • Why Should You Establish a U.S. Public Market?
  • Selecting an Efficient U.S. Public Market
  • What Does it Mean if a Company Already Trades in the U.S. on the Pink Market?
  • The Importance of Blue Sky
  • Cross-trading on OTCQX: Bridging the Gap to the U.S. Capital Markets
  • An Opportunity to Enhance Home Market Liquidity


To download a complete copy of the report, OTCQX: The Cost-Effective Way to Access the U.S. Capital Markets, please visit  IR Magazine and the UK IR Society websites.

To learn more about the advantage of OTCQX for European issuers, please contact Jonathan Dickson at or +44 (0) 20 3950 7235.

Jason Paltrowitz is Executive Vice President, Corporate Services at OTC Markets Group, where he is responsible for managing the firm’s international and domestic Corporate Services business. Drawing upon his expertise in cross-border trading and as a recognized proponent of Reg A+ and small company capital raising, Jason is an advocate for small cap issuers, start-ups, and entrepreneurial innovators working to alleviate the cost, time and complexity associated with being a public company. Prior to joining OTC Markets in October 2013, Jason was Managing Director and Segment Head at JP Morgan Chase responsible for the custody, clearing and collateral management business in the Corporate and Investment Bank division. Jason also held multiple senior management positions at BNY Mellon, most notably, as Head of M&A for the Financial Markets and Treasury Services Sector and 11 years as the Head of the Global Capital Markets Group in the Depositary Receipt Division. Jason currently serves on the Board of Directors of the Crowdfunding Professional Association (CfPA) and also served as a member of the Board of Directors at OTC Markets Group from 2008 – 2011. Jason holds a Bachelor's degree in International Relations from Boston University and received his MBA from the NYU Stern School of Business.

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