Tesco trades on New York share market

Core Viewpoint - Tesco has expanded its reach to US investors by qualifying to trade on the OTCQX Best Market in New York, providing American investors with transparent access to its shares without the complexities of a full US stock exchange listing [1][3][6] Group 1: Tesco's Strategic Move - The admission to OTCQX allows Tesco to enhance visibility and access for US investors while remaining listed in London, focusing on engagement rather than fundraising [3][5] - This move is part of a broader trend among European companies to utilize over-the-counter trading as a means to engage with global capital markets [2][6] Group 2: Market Context and Implications - The OTCQX platform is designed to complement primary listings, enabling companies to access US capital efficiently while maintaining their domestic market presence [4][6] - For the UK retail sector, broader access to international investors can improve liquidity and address perceptions of undervaluation compared to US counterparts [5][6] Group 3: OTC Markets Group Perspective - Tesco's entry into OTCQX enhances the platform's profile as a venue for blue-chip international issuers, supported by regulated trading infrastructure and disclosure standards [7]