Shares in Naked Wines PLC (LON:WINE)(OTCQX:NWINF) have commenced trading on the OTCQX Best Market in the United States, under the ticker symbol ‘NWINF’.
Trading on OTCQX is an important step for Naked, giving the company exposure to a wider audience of potential investors by easing cross-border trading for our US investors and employees.
"We are pleased to have qualified to trade on the OTCQX Market, the highest tier of the OTC Markets Group, which will complement our existing Aim listing,” said Nick Devlin, chief executive of Naked Wines.
“Trading on OTCQX will provide US institutional and retail investors, and our colleagues, the opportunity to share our growth as we build on a breakthrough year for Naked Wines, following an unprecedented channel shift to online, accelerated by the COVID-19 pandemic."
Jason Paltrowitz, executive vice president of corporate services at OTC Markets Group said the listing would enable Naked Wines to enhance global liquidity.