As the group’s shares become open for trading on OTCQX Markets in the United States, online casino operator LeoVegas aims to become more visible to American investors.
The stock, which trades as a F share under the ticker symbol LEOVF, claims that being listed on the OTCQX would make it “easier to meet the growing interest in LeoVegas from American investors,” boosting global trading in the company’s securities.
To be eligible for trading on the OTCQX, a corporation must satisfy stringent financial requirements, follow best corporate governance principles, and adhere to all relevant securities laws. LeoVegas’ existing listing on the Nasdaq Stockholm Main Market list will be supplemented by capital market trading.
Gustaf Hagman, LeoVegas’ Group CEO said: “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.
“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.”
Reliable and cost-effective access to the US stock market
According to LeoVegas, trading on the OTCQX exchange provides businesses with more reliable and cost-effective access to the US stock market. Investors in the United States will now be able to exchange LeoVegas shares in US dollars using a local ticker symbol (LEOVF).
Companies listed on a qualified international stock exchange, such as LeoVegas’ Nasdaq Stockholm, have the ability to improve their accessibility and exposure to the US capital market through their reporting and Nasdaq Stockholm’s rules.