Nasdaq, Inc. (Nasdaq: NDAQ) today announced the launch of the Nasdaq International Designation, a new visibility offering available to non-U.S. companies that have Level 1 ADRs or shares that trade on the over-the-counter market. The first companies to participate in the Nasdaq International Designation program, which represent a diverse range of industry sectors, include:
- Continental AG (OTC: CTTAY; XETR: CON)
- Qantas Airways (OTC: QABSY; ASX: QAN)
- Audio Pixels Holdings (OTC: ADPXY; ASX: AKP)
- BE Semiconductor Industries N.V. (OTC: BESIY; AMS: BESI)
- CYBERDYNE Inc. (OTC: CYBQY; TYO: 7779)
- Earthport plc (OTC: EPCUF; LSE: EPO)
- Kubota Corporation (OTC: KUBTY; TYO: 6326)
- Marfrig Global Foods (OTC: MRRTY; BM&F Bovespa: MRFG3)
- Nautilus Minerals Inc. (OTC: NUSMF; TSX: NUS)
- Rakuten Inc.* (OTC: RKUNY; TYO: 4755)
- Roxgold Inc. (OTC: ROGFF; TSX-V: ROG)
In an effort to attract greater visibility and awareness to their U.S.-traded Level 1 ADRs, the membership benefits of the designation include access to a wide array of Nasdaq’s unique visibility assets for reaching investors and customers. Members will be able to use the designation on public relations and investor relations materials and will receive Nasdaq’s IR services to better understand the trading of the U.S. shares and tools to help identify and target U.S. investors.
“The U.S. capital markets are home to the largest pool of investor capital in the world, but many U.S. investors do not invest in Level 1 ADRs traded on the OTC,” said Nelson Griggs, Executive Vice President, Nasdaq. “We are excited about helping world-class companies increase awareness with investors through the Nasdaq International Designation. The launch of this program is very timely given the current macroeconomic environment, whereby many U.S. investors are looking to take advantage of the strong U.S. dollar to invest in international companies that are experiencing strong growth.”
Members must be in compliance with the listing standards on their home country market and meet additional financial and liquidity requirements. Member companies are not listed or traded on The Nasdaq Stock Market and are not subject to the same listing or qualification standards applicable to securities listed or traded on the exchange.
* Non-permanent basis