Team Internet Group Plc (LON:TIG), the global internet company that generates recurring revenue from creating meaningful and successful connections: business to domains, brands to consumers, publishers to advertisers, has announced that its ordinary shares have begun trading on the OTCQX® Best Market under the symbol “TIGXF”.
OTCQX is the premier tier of OTC Markets where more than 12,000 US and global securities trade. Trading on OTCQX will significantly enhance Team Internet’s visibility and accessibility in the world’s largest capital market.
The US has traditionally been the most significant market for Team Internet and the verticals in which the Company operates are generally well understood by US investors. As such, Team Internet has received interest from numerous US investors in the past and, in recent months, has hosted several meetings with US investors.
Team Internet shares are now available to US investors during US trading hours and priced in US dollars, dramatically simplifying the process of investing in the Company for US investors. Team Internet’s ordinary shares will continue to trade on AIM under the symbol “TIG”.
Michael Riedl, CEO, of Team Internet, commented: “As we mark the beginning of our trading on OTCQX, we are not just opening a new chapter for Team Internet. We reinforce our commitment to enhancing shareholder value and expanding our footprint in the United States, a market that represents nearly 50% of our revenue. This move reflects our robust performance and the investor confidence we have been fortunate to build, especially within the US, over the past year. We recognise the importance of making our shares more accessible and appealing to US investors, and qualifying to trade on OTCQX is a strategic step in that direction. We are eager to welcome new investors and invite them to join us in this exciting journey.”
