The FTSE 100 retailer upgrades its U.S. OTC listing to OTCQX, enhancing transparency and liquidity for American investors.
JD Sports Fashion plc has upgraded its U.S. over-the-counter listing to OTCQX from the Pink market, aiming to broaden access to American investors. The move places the FTSE 100 company in the highest OTC tier, which requires stricter reporting standards and offers greater transparency.
Previously trading on the Pink market, JD Sports was classified as speculative. The upgrade to OTCQX reflects its status as a premium, established firm. The retailer’s shares will continue under symbols JDSPY and JDDSF, with its primary listing remaining on the London Stock Exchange.
CEO Régis Schultz stated the upgrade underscores the company’s commitment to governance and growth in the U.S., a key market for the sports fashion retailer. The move is expected to increase global liquidity and investor engagement.