We are now going to build through a series of blog posts a Roadmap to Dual Listing on the OTCQX International Market using our firm as your PAL sponsor in the process.
Step One: List on a qualified foreign exchange.
As noted by OTC Markets: OTCQX International Market is reserved for global companies listed on a qualified stock exchange in their home country,
OTCQX International provides a U.S. marketplace for a company’s investors and a platform to efficiently expand their U.S. shareholder base. This requirement of listing on a qualified foreign exchange ensures that only those companies which have already complied with a qualified foreign stock exchange’s reporting are eligible.
YOUR JOB: You need to determine if the foreign market on which your stock is already listed is qualified. Set forth below are the qualified primary markets for countries we deal with:
|Argentina||Buenos Aires Stock Exchange|
|Australia||ASX – Australian Securities Exchange|
|Austria||Vienna Stock Exchange (Wiener Börse AG) – Official Market
Vienna Stock Exchange (Wiener Börse AG) – Second Regulated Market
|Canada||Toronto Stock Exchange
TSX Venture Exchange
|Chile||Santiago Stock Exchange|
|China||Hong Kong Stock Exchange – Main Board
Shanghai Stock Exchange
Shenzhen Stock Exchange
|Colombia||Bogota Stock Exchange|
|Denmark||OMX Nordic Exchange Copenhagen|
|Egypt||Egyptian Stock Exchange|
|Finland||OMX Nordic Exchange Helsinki|
|Germany||Frankfurt Stock Exchange – Regulated Market – Prime
Frankfurt Stock Exchange – Regulated Market – General
|Hungary||Budapest Stock Exchange|
|Iceland||OMX Nordic Exchange Iceland|
|India||Mumbai/Bombay Stock Exchange|
|Ireland||Irish Stock Exchange|
|Israel||Tel Aviv Stock Exchange (TASE)|
|Italy||Borsa Italiana S.p.A|
|Japan||Tokyo Stock Exchange
JASDAQ Securities Exchange – Standard
Osaka Securities Exchange – 1st Section
Osaka Securities Exchange – 2nd Section
|Korea||Korea Stock Exchange (KSE) – Main Board
Korea Stock Exchange (KSE) – KOSDAQ
|Malaysia||Malaysian Stock Exchange – Main Board|
|Mexico||Bolsa Mexicana de Valores (Mexican Stock Exchange)|
|New Zealand||New Zealand Exchange|
|Norway||Oslo Bors (Oslo Stock Exchange)|
|Peru||Bolsa de Valores de Lima (Lima Stock Exchange)|
|Philippines||Philippine Stock Exchange|
|Poland||Warsaw Stock Exchange – Main Board|
|Russia||MICEX – Moscow Interbank Currency Exchange
RTS – Russian Trading System Stock Exchange
|South Africa||Johannesburg Stock Exchange|
|Spain||Madrid Stock Exchange
|Sweden||OMX Nordic Exchange Stockholm|
|Switzerland||SWX Swiss Exchange|
|Thailand||Stock Exchange of Thailand (SET)|
|Turkey||Istanbul Stock Exchange – National Market|
|United Arab Emirates||Dubai International Financial Exchange (DIFX)|
|United Kingdom||London Stock Exchange (LSE) – Main Board
|Venezuela||Caracas Stock Exchange|
WHAT’S THE NEXT STEP?: All OTCQX International companies appoint a qualified, third-party Principal American Liaison (PAL) sponsor to guide the admission process.
OUR JOB: That’s us. Stay tuned to the next blog for more information on how the DAD/PAL aspect of the program works.
We encourage you to stay tuned to our Blog and our LinkedIn posts in the coming weeks as we give you more steps in our Roadmap to the OTCQX International Market. We are also interested in establishing strategic relationships within the confines of Florida Bar Rules governing attorney conduct with consultants in foreign countries to help us work with foreign companies that may want to take advantage of this exciting program.
If you are a foreign company interested in this program, or if you are a consultant to foreign companies looking for qualified U.S. SEC counsel, please contact us for more information.