Tesco becomes latest European large cap to trade on OTC markets in New York

Group 1 - OTC Markets Group Inc. has announced that Tesco PLC has qualified to trade on its OTCQX Best Market, providing US investors access to one of the UK's largest grocery retailers [1] - Tesco's listing on OTCQX signifies a trend among established European companies to engage more with US investors, with several major issuers planning to trade on this platform in 2025 [2] - The OTCQX Best Market is seen as a solution to challenges in European capital markets, such as valuation discounts and reduced domestic liquidity, allowing companies to attract US investors without leaving their local exchanges [3] Group 2 - The OTCQX platform offers international companies a cost-efficient way to access US capital markets while maintaining their local market presence, thus enhancing investor reach and liquidity [4]