OTC Markets Group Welcomes CSL Limited to OTCQX
On April 27, 2023, OTC Markets Group Inc. (OTCQX: OTCM) announced that CSL Limited (ASX: CSL; OTCQX: CSLLY), a major global biotechnology firm, has successfully upgraded its listing to the OTCQX Best Market from the Pink market. This upgrade allows CSL Limited, which specializes in lifesaving medicines, to provide transparent trading for U.S. investors. With this new trading symbol ‘CSLLY’, CSL begins trading on OTCQX, ensuring compliance with high financial standards and corporate governance. This milestone will enable CSL to attract greater investor confidence in the U.S. market, enhancing its visibility and credibility.
- CSL Limited upgraded to OTCQX from Pink market, indicating improved trading standards and investor confidence.
- This upgrade allows CSL to utilize its home market reporting for better transparency in the U.S.
- Access to OTC Markets may enhance CSL's visibility to U.S. investors.
- None.
NEW YORK, April 27, 2023 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for 12,000 U.S. and international securities, today announced CSL Limited (ASX: CSL; OTCQX: CSLLY), a leading global biotechnology company with a dynamic portfolio of lifesaving medicines, including those that treat haemophilia and immune deficiencies, vaccines to prevent influenza, and therapies in iron deficiency, dialysis and nephrology, has qualified to trade on the OTCQX® Best Market. CSL Limited upgraded to OTCQX from the Pink® market.
CSL Limited begins trading today on OTCQX under the symbol“CSLLY.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their U.S. investors. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the U.S. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws.
BNY Mellon acted as the company’s OTCQX sponsor.
About CSL Limited
CSL is a leading global biotechnology company with a dynamic portfolio of lifesaving medicines, including those that treat haemophilia and immune deficiencies, vaccines to prevent influenza, and therapies in iron deficiency, dialysis and nephrology. Since our start in 1916, we have been driven by our promise to save lives using the latest technologies. Today, CSL – including our three businesses, CSL Behring, CSL Seqirus and CSL Vifor – provides lifesaving products to patients in more than 100 countries and employs 30,000 people. Our unique combination of commercial strength, R&D focus and operational excellence enables us to identify, develop and deliver innovations so our patients can live life to the fullest.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our three public markets: OTCQX® Best Market, OTCQB® Venture Market and Pink® Open Market.
Our OTC Link® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to the U.S. financial markets.
OTC Link ATS, OTC Link ECN and OTC Link NQB are each an SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC.
To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.
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Media Contact:
OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com
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