Shiseido Company Ltd. has chosen to have its American Depositary Receipts (ADRs) trade on OTCQX.
Specifically, the cosmetic firm begins trading today on OTCQX International Premier, which is described by OTC Markets Group as a segment of the OTCQX marketplace reserved for world-leading non-US companies that are listed on a qualified international exchange and provide their home country disclosure to U.S. investors.
"We are pleased to welcome Shiseido, one of the world's largest cosmetics and beauty companies and a respected Japanese brand, to the OTCQX marketplace," said R. Cromwell Coulson, president and CEO of OTC Markets Group. "By joining OTCQX, Shiseido ensures its U.S. investors will have transparent trading and convenient access to its news and financial disclosure, making it easier for them to analyze, value and trade its securities. We look forward to working with Shiseido's management team as they continue to grow their presence in the U.S. market."
Shiseido will trade in the U.S. on OTCQX under the symbol "SSDOY," where each ADR represents one ordinary share.
OTC Markets Group operates Open, Transparent and Connected financial marketplaces for 10,000 U.S. and global securities.