NEW YORK, March 25, 2024 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Netcompany Group AS (Nasdaq Copenhagen: NETC; OTCQX: NTCYF), an IT services company, has qualified to trade on the OTCQX® Best Market. Netcompany Group AS upgraded to OTCQX from the Pink® market.
Netcompany Group AS begins trading today on OTCQX under the symbol “NTCYF.” Netcompany Group is the first Danish company with a market cap over $1 billion to join OTCQX. U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their U.S. investors. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the U.S. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws.
“We join the OTCQX Market with a clear ambition to generate wider interest and recognition with U.S. based investors. As of today, our U.S. investor base accounts for 10% of our shareholders, and with the cross-trading on OTCQX we expect to create further long-term value through a broader US investor base and eventually higher volumes in our shares,” says Thomas Johansen, CFO of Netcompany.
SEB Securities, Inc. acted as the company’s OTCQX sponsor. This is SEB’s first OTCQX sponsorship out of Denmark and the fourth OTCQX sponsorship transaction overall.
About Netcompany Group AS
Netcompany is a leading European end-to-end IT services company with almost 8,000 skilled, creative employees working from 10 countries. Founded in 2000 in Copenhagen, Netcompany helps European public and private sector customers accelerate delivery of ambitious, complex digital transformation journeys.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our three public markets: OTCQX® Best Market, OTCQB® Venture Market and Pink® Open Market.
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