Acora Financial Expands Access to US OTC Market Listings for UK Companies
Acora Sponsor Role Will Help More UK Firms Close Market Valuation Gap Through US Secondary Listings
London, 25 July 2023: Acora Financial Ltd, a London-based capital markets adviser, has today been appointed as a Sponsor by OTC Markets Group Inc. (OTCQX: OTCM) to enable UK issuers to establish a secondary listing on OTC’s premium stock markets in the United States.
OTC Markets Group operates the largest US stock market for international securities, providing trading access to over 12,000 listed stocks worldwide, including major British brand owners Marks & Spencer, easyJet and J. Sainsbury. In its Sponsor role, Acora Financial will manage the admission process for the growing number of UK companies seeking US investor access to help broaden their investor base and bridge valuation gaps through the liquidity benefits a premium OTC Markets listing can provide.
“Access to US equity markets is increasingly important to UK companies who want a cost-efficient solution to grow their US shareholder base while keeping their primary listing and disclosure arrangements unchanged”, said Andrew Orchard, Principal of Acora Financial. “OTC Markets offers an ideal approach to achieving these goals and Acora will be working to raise awareness of its benefits among UK issuers while helping them access the world’s largest pool of investing capital.”
Through its premium OTCQX® Best Market and OTCQB® Venture Market platforms, OTC Markets Group enables international issuers to list their securities on a fully regulated stock market that can be accessed by all US investors.
Drawing on Securities and Exchange Commission (SEC) rules that allow issuers to use local market reporting to satisfy their disclosure obligations, OTCQX® and OTCQB®-listed companies enjoy the diversification and liquidity benefits of a growing US shareholder base without the requirement to be SEC regulated. This eliminates the need for expensive in-house legal and compliance infrastructure that for many companies has been an impediment to listing in the US.
“The trend of UK companies looking to North America for investors will not stop”, said Jonathan Dickson, OTC Markets Group’s Vice President of International Corporate Services. “Providing them direct access to this investor base without leaving their home market is an option we are eager to promote. We are delighted to have Acora Financial onboard as a Sponsor as we grow awareness of the liquidity and diversification benefits our premium markets offer”.
About Acora Financial
Acora Financial is a London-based capital markets adviser specialising in investor access strategies. We connect companies with investors through market access services that unlock new sources of liquidity for listed securities. Acora Financial is the UK’s only dedicated Sponsor for companies listing on OTC Markets, the largest US stock market for international securities. Acora Financial Ltd is an appointed representative of Eschler Asset Management LLP, which is authorised and regulated by the FCA (#510079) and a registered investment adviser with the SEC.
Contact: ao@acorafinancial.com +44 7747 788876
About OTC Markets
OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 US 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. Our OTC Link® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to the US financial markets.
Contact: jonathan@otcmarkets.com +44 20 4526 4581