Online gambling operator LeoVegas is aiming to become more accessible for American investors, as the group’s shares become available for trading on OTCQX Markets in the US.
Trading as an F share under the ticker symbol LEOVF, the company says that accessibility on OTCQX will make it “easier to meet the growing interest in LeoVegas from American investors” and is thereby expected to bolster global trading in the company’s shares
To qualify for trading on OTCQX, a company must meet high financial standards, adhere to best practices of corporate governance and comply with applicable securities laws. Trading on the financial market will complement LeoVegas’ current listing on the Nasdaq Stockholm Main Market list.
“Today approximately 12 per cent of our shareholders are from the USA, and we are seeing ever-greater interest in LeoVegas as a company and investment,” noted Gustaf Hagman, LeoVegas’ Group CEO.
“The decision to also begin trading on OTCQX will help make us more accessible for American investors and thereby enable others to join us on our growth journey going forward. I want to welcome all of the new shareholders that this will bring.”
Trading on the OTCQX market, says LeoVegas, offers companies greater access to the US capital market in a smooth and cost-effective way. US investors will now have the opportunity to conveniently trade in LeoVegas’ shares via a local ticker symbol (LEOVF) and in US dollars.
Companies listed on a qualified international stock exchange, in LeoVegas’ case Nasdaq Stockholm, have the opportunity through their reporting and the rules of Nasdaq Stockholm to increase their accessibility and exposure to the US capital market.