Nasdaq International Designation Program

boosts global credibility, visibility, and attracts more interest from U.S. Investors.


The Nasdaq International Designation program is designed for Level 1 ADRs and Canadian companies that trade on the over-the-counter (OTC) market.


Our program offers a unique partnership with Nasdaq that provides member companies with Nasdaq’s robust visibility offering which allows for greater access to US investors, and can potentially increase liquidity. The program does not impose SEC filing requirements or otherwise change your regulatory obligations.

Universe of Level 1 ADRs

Companies that have Level 1 ADRs have a listing on an exchange outside the U.S. and comply with their home market's regulatory environment. Their Level 1 ADRs trade in the U.S. on the over-the-counter (OTC) market. Level 1 ADRs do not report to the SEC, unlike Level 2 ADRs that do file with the SEC and are listed on U.S. exchanges.

Level 1 ADRs Market Cap

There are hundreds of sponsored and unsponsored Level 1 ADRs, representing a total market cap of $15.8 Trillion USD globally. All Level 1 ADRs trade on the OTC regardless of whether they are a member of the Nasdaq International Designation program or have a competing designation. Nasdaq recognized a need to increase the visibility of these international companies with U.S. investors. Nasdaq launched the Nasdaq International Designations on December 9th 2015, with the first group of international companies below. The Nasdaq International Designation is also available to international companies that don’t have Level 1 ADRs, but have shares that trade directly on the OTC market in the U.S.


Nasdaq International is a designation. The companies are not listed or traded on The Nasdaq Stock Market LLC, and are not subject to the same listing or qualification standards applicable to securities listed or traded on an exchange. The U.S. shares continue to trade on the OTC.

Read more about our International Designation Program >>


In addition to the requirements above

  • Companies must be incorporated outside the United States and be listed on a foreign exchange. 
  • Companies must demonstrate compliance with the standards on its most recent filing with its home regulator or exchange, as applicable, not more than 12-months old.
  • For new ADR shares there is not a volume requirement for the first 12-months and minimum market cap is $50M US.


Nasdaq International Designation has a $5k application fee and a $20k annual fee. 


Latest Nasdaq International Designation Companies

Nasdaq International Designation Companies

The following companies joined the Nasdaq International Designation Program.
See their profiles below.


  • EMHLF * European Metals Holdings Ltd * December 15, 2020

  • EOFBF * Ecofibre Ltd. * Australia * October 18, 2019

  • STLHF * Standard Lithium Ltd. * Canada * November 7, 2018

  • PONGF * Atari, S.A. * France * October 12, 2018

  • NNOMF * Nano One Materials Corp. * Canada * July 30, 2018

  • ATBYF * Abitibi Royalties Inc.* Canada * June 19, 2018

  • WHGOF * White Gold Corp * Canada * April 3, 2018

  • RDRUY * Neometals, LTD * Australia * December 1, 2017

  • NHVCF * Northern Vertex Mining Corp * Canada * September 5, 2017

  • CESDF * CES Energy Solutions, Inc. * Canada * June 15, 2017

  • CLVLY * Clinuvel * Australia * June 2, 2016

  • BESIY * BE Semiconductor Industries * The Netherlands * December 9, 2015

Nasdaq International Designation Select Companies

The following companies joined the Nasdaq International Designation Select Program.
See their profiles below.


  • HLUYY * H. Lundbeck A/S (Lundbeck) * Denmark * June, 29 2018

  • ISSDY * ISS A/S * Denmark * October 11, 2018

  • CLPBY * Coloplast A/S * Denmark * August 9, 2018

  • BVNRY * Bavarian Nordic A/S * Denmark * July 23, 2018

  • STBMY * St. Barbara Limited * Australia * May 17, 2018

  • MRVSY * Minerva, S.A. * Brazil * December 11, 2017

  • CIOXY * Cielo, S.A. * Brazil * November 15, 2017

  • NJDCY * Nidec Group * Japan * June 2, 2016

  • MQBKY * Macquarie Group * Australia * May 19, 2016

  • CABGY * Carlsberg A/S * Denmark * May 16, 2018

  • QABSY * Qantas Airways Ltd. * Australia * December 9, 2015

  • RKUNY * Rakuten Inc. * Japan * December 9, 2015

  • CTTAY * Continental AG * Germany * December 9, 2015

  • MRRTY * Marfrig Global Food * Brazil * December 9, 2015

  • CYBQY * Cyberdyne, Inc. * Japan * December 9, 2015

  • KUBTY * Kubota Corp * Japan * December 9, 2015

How can Nasdaq International Designation Membership help your company?

Amplify Your Brand

Access to our visibility assets to increase communication & profile with U.S. investors.

Increase Liquidity

Highlight your company to U.S. investors letting them know you have shares that trade in the U.S. market to increase liquidity.

Enhance Visibility

Distinguish your company from other OTC securities that can’t meet the Nasdaq International Designation requirements. Increase the visibility in the U.S. market.

Communicate to Investment Community

Broad communication to the investment community that the companies are members of the Nasdaq International Designation.

Access to IR Tools

Access to investor relations tools & services to better understand trading of the U.S. shares and identify & targeting U.S. investors.

Highlight Corporate Qualifications

Ensures that companies are meeting the high program requirements even though they are not SEC filers and trade on the OTC.

Resource Center

Northern Vertex Mining Corp. Virtually Rings The Nasdaq Opening Bell

    Behind the Bell: Northern Vertex Mining Corp.

    Lyanne Alfaro Interviews Ken Berry President CEO of Northern Vertex Mining Corp. (TSX.V: NEE; OTC NASDAQ INTL.: NHVCF). The company focuses on low cost gold and silver production at its 100% owned Moss Mine in NW Arizona.

    Jul 23, 2020

    Nasdaq International Designation Member Company Gallery

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