RE: OTCQB Listing Published On 16 July 202118 Jul 2021 17:23
OTC is a tiered market. Here’s how that system works:
OTCQX
The OTCQX Market is the top tier, with the most stringent entry requirements. According to OTC Markets, companies trading on OTCQX must “meet high financial standards, follow best practice corporate governance, demonstrate compliance with U.S. securities laws, be current in their disclosure, and have a professional third-party sponsor introduction.”
More specifically, these companies must meet a reporting standard in terms of how they report financial information. They must also have a board of directors with at least two independent directors, an audit committee that conducts annual financial audits, have annual shareholders meetings and release annual financial reports 15 days prior to each meeting.
Companies that are penny stocks, shells, or are in bankruptcy are excluded from trading on this tier.
Over 400 companies trade on OTCQX, including Swiss pharmaceutical conglomerate Roche (OTCQX: RHHBF) (OTCQX: RHHBY) (OTCQX: RHHVF), the French global communications company Publicis Groupe S.A. (OTCQX: PUBGY) (OTCQX: PGPEF) and Grayscale’s Investment the Bitcoin Investment Trust (OTCQX: GBTC).
OTCQB
The middle tier of OTC Markets – OTCQB – is known as The Venture Market. Companies that trade on this tier are in their early stages, and therefore, may not be able to meet the financial or regulatory requirements required by the exchanges or OTCQX.
To be eligible for OTCQB, companies must be current in their financial reporting, undergo an annual verification and management certification process, and have a bid price of at least $0.01. They also cannot be in bankruptcy. Over 900 companies trade on the OTCQB Market.
Pink
The Pink Open Market provides brokers a platform for transparent trading in any security. The widest spectrum of companies trade on the Pink Market, including those that are bankrupt or not current in their disclosures with the SEC or their home country exchange.
Above from https://finance.yahoo.com/news/otcqx-vs-otcqb-vs-pink-171211773.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAACG-uQDjLSguOIxmVZapNIoN_rgvTpP2L09zkhinNCdDMWDwn-rvA0yNdIeno-VSXrRjYTMI8edRcHvkRNAwC5wBwe5y8tPy7f5RrreWoX2CsqKgufcXHtG6Zn8Y4Pye2lDlBY-MwS52h0GJSuT-S-pFIUkAEj0GbkOqwND4y7rC
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