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]

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]

Group 1 - OTC Markets Group Inc. 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 reflects a trend among established European companies to engage more with US investors, with notable issuers like London Stock Exchange Group and Bayer AG also choosing OTCQX in 2025 [2] - The OTCQX platform 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 abandoning local exchanges [3][4] Group 2 - OTC Markets Group operates regulated markets for trading 12,000 US and international securities, with a focus on providing efficient access to US financial markets [5] - The OTCQX Best Market offers a cost-effective way for international companies to reach US investors while maintaining their local market presence [4] - Tesco PLC is a multinational grocery retailer headquartered in the UK, serving millions of customers across various countries [7]

Core Insights - OTC Markets Group Inc. has expanded its European presence by adding Aviva PLC to the OTCQX® Best Market, reflecting a trend of major European companies engaging with U.S. investors [1][2] - The addition of Aviva PLC is part of a broader movement where several blue-chip companies have upgraded to OTCQX, including London Stock Exchange Group and Bayer AG, indicating a growing interest in U.S. market access [2] - In Q3 2025, OTC Markets experienced a 41% year-over-year increase in cross-border trading volume, with Europe representing 56% of the international dollar volume, showcasing heightened investor demand for international equities [3] Company and Industry Summary - OTC Markets Group operates regulated markets for trading 12,000 U.S. and international securities, providing a platform that supports efficient access to U.S. financial markets [5] - The company's "List Local. Trade Global" framework allows international companies to maintain their home exchange listings while facilitating U.S. trading in U.S. dollars, thus simplifying market access for foreign issuers [4] - OTC Markets' disclosure-driven markets have seen new clients such as Iberdrola and Société Générale, further enhancing its European market presence [2]