RE: NASDAQ LISTING3 Sep 2021 17:50
How long does an OTC listing take?
The OTCQB and OTCQX markets are operated by OTC Markets Group, not by NASDAQ. An attorney or a Broker-Dealer must sponsor your company to list by filing a Form 211 with FINRA, a step that takes 4 to 8 weeks, which will normally be a simple request that will likely be accepted.
Over-the-counter markets can be used to trade stocks, bonds, currencies, and commodities. This is a decentralized market that has, unlike a standard exchange, no physical location. That's why it's also referred to as off-exchange trading. There are many reasons why a company may trade OTC, but it's not an option that provides much exposure or even a lot of liquidity. Trading on an exchange, though, does. But is there a way for companies to move from one to the other?
Read on to find out more about the difference between these two markets, and how companies can move from being traded over-the-counter to a standard exchange.
KEY TAKEAWAYS
Over-the-counter securities are not listed on an exchange, but trade through a broker-dealer network.
Companies can jump from the OTC market to a standard exchange as long as they meet listing and regulatory requirements, which vary by exchange.
Exchanges must approve a company's application to list, which should be accompanied by financial statements.
Some companies choose to move to get the visibility and liquidity provided by a stock exchange.
Hope this helps!