Damico International Shipping (DIS), an active shipping company listed on Euronext STAR Milan, has… It received approval to trade its shares on the top market OTCQX In the US, starting November 20, 2023 (OTCQX symbol: DMCOF). DIS shares, as well as the STAR segment of the Italian Stock Exchange, are currently traded over-the-counter (OTC) in the United States, on the OTC Pink market segment, operated by OTC Market Group.
The company explains that the OTCQX International Market segment supplies US investors A more transparent, liquid and efficient alternative to cross-trading the OTC Pink market. In addition, companies listed on the OTCQX also obtain “Blue Sky” compliance in effect in 37 US states (not available in the OTC Pink market), which allows brokers to solicit orders and distribute research to US investors in those states.
“This initiative aims to Enhance the company’s visibility among American investorsproviding them with a more transparent and efficient platform to trade our shares – he commentedCEO Paolo D’Amico – US investors will have access to the same level of information and data that we currently provide in European markets. We see this development as an important step forward for DIS, as it will help us expand our shareholder base within the world’s largest investment community. This in turn should Increase liquidity and support prices of our shares, which creates value for our shareholders.”
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