OTC Markets Group Inc, financial market operator for 10,000 US and global securities, announced that bookmaker PointsBet Holdings Limited, the parent of the US-based sports betting company PointsBet USA, is qualified to trade on the OTCQX Best Market.
The bookmaker started trading on OTCQX under the “PBTHF” symbol, and on www.otcmarkets.com, where US investors can find the company’s current financial disclosure and Real-Time Level 2 quotes.
“We are pleased to welcome PointsBet Holdings Limited to the OTCQX Best Market,” said Jason Paltrowitz, Director of OTC Markets Group International and EVP of Corporate Services at OTC Markets Group. “With PointsBet’s recent IPO on the Australian Stock Exchange, cross-trading on OTCQX in the US will further build the company’s global investor awareness and provide enhanced shareholder value. We look forward to supporting PointsBet in the US market.”
“There is a significant market opportunity for PointsBet in the United States as the legalisation of sports betting is rolled out across the nation,” said Andrew Mellor, Group Chief Financial Officer at PointsBet. “We have already taken significant steps towards capitalising on this opportunity and we are thrilled that US investors can be part of our journey via investing in PointsBet stock on the OTCQX market.”