As uncertainty continues around the economic ripple effects of Brexit, the war in Ukraine and the Chinese real estate crisis, gaining access to the deep pockets of the US capital markets has become even more crucial for foreign issuers around the world.
However, foreign issuers on exchanges like NYSE or Nasdaq are subject to onerous US exchange listing requirements and different accounting standards, which can prove resource-intensive, time-consuming and cost-prohibitive for all but the largest companies.
The OTC Markets, which allow securities to be traded via a broker-dealer network rather than on a centralised exchange, can allow UK and European companies to bypass these complexities while still acquiring the crucial US ticker symbol that can be bought in US dollars during US market hours.