Naked Wines begins trading on OTCQX Market in the US
Naked Wines has announced that trading in the company’s ordinary shares will begin today on the OTCQX Best Market in the US.
Having also listed on London’s AIM Market, the wine retailer said the US listing is not a capital raise, but will expose the business to a wider audience of potential investors by easing cross-border trading for US investors and employees.
Nick Devlin (pictured), Naked Wines group chief executive, said: “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. 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.”
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