OSLO, NORWAY: IDEX Biometrics ASA, a leading provider of advanced fingerprint identification and authentication solutions, has been approved to trade on the OTCQB Venture Market exchange under the ticker symbol IDXAF and trading will commence Monday.
The OTCQB Venture Market offers companies the benefits of being publicly traded in the U.S. with lower cost and complexity than listing on the large U.S. exchanges.
To be eligible, international companies must be current in the local market filings and undergo an annual verification and management certification process.
As a verified market with efficient access for U.S. investors, OTCQB helps international companies build shareholder value by enhancing liquidity and achieving fair valuation. B. Riley FBR, Inc., a U.S. based investment bank which has extensive experience in the OTC process, acted as the Company’s sponsor for this process.
Derek D’Antilio, CFO of IDEX Biometrics commented: “The OTCQB market informs investors and potential investors that IDEX meets or exceeds the standards of reporting and transparency. In addition, it was important to us to provide investors in the U.S. easy and efficient access to trade IDEX’s shares. Trading on the OTCQB market serves as a gateway to the U.S. capital markets for IDEX.”