Launched in December 2015, 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.
REQUIREMENTS & STANDARDS
Nasdaq International Designation
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.
CURRENT LIST OF COMPANIES
Nasdaq International Designation Companies
The following companies joined the Nasdaq International Designation Program.
See their profiles below.
SYMBOL * COMPANY * COUNTRY * DATE JOINED
EOFBF * Ecofibre Ltd. * Australia * October 18, 2019
TAKOF * Drone Delivery Canada Corp. * Canada * June 5, 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
CYBNY * Cyber Security 1 AB * Sweden * February 22, 2018
RDRUY * Neometals, LTD * Australia * December 1, 2017
PLLLY * Piedmont Lithium Ltd. -- Nasdaq Listed 5/7/18 * Australia * October 11, 2017
PRMCF * Cronos Group, Inc. -- Nasdaq Listed 2/27/18 * Canada * September 12, 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.
SYMBOL * COMPANY * COUNTRY * DATE JOINED
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
NHVCF * Northern Vertex Mining Corp * Canada * September 5, 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.
Highlight your company to U.S. investors letting them know you have shares that trade in the U.S. market to increase liquidity.
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.
Through Nasdaq International Designation, we are able to help world-class companies such as Macquarie and Qantas Airways gain unparalleled visibility and enhanced exposure to the U.S. investment community.President, Nasdaq Stock Exchange Read Nelson's Bio
Nasdaq International Designation Member Company Gallery
BE Semiconductor Industries came to Nasdaq MarketSite to celebrate their membership in the Nasdaq International Designation program.
Launched in December 2015, the Nasdaq International Designation program is designed for Level 1 ADRs and Canadian companies that trade on the over-the-counter (OTC) market. As part of Kubota's Nasdaq International Designation membership, the company took-over Times Square billboards in the heart of New York City.
Cyberdyne spent the day at Nasdaq MarketSite to showcase their products and celebrate their participation in the International Designation program.
Qantas Airlines employees and CEO came to Nasdaq MarketSite to ring the market bell in celebration of their Nasdaq International Designation.
The MacQuarie Group came to Nasdaq MarketSite to ring the bell in celebration of membership in Nasdaq's International Designation Program.
The Nidec Group joined the Nasdaq International Designation program. They celebrated included branding on the Nasdaq MarketSite Tower.
Nautilus Minerals, Inc. joined the Nasdaq International Designation program and came to MarketSite to celebrate.
Atari, S.A. joined the Nasdaq International Designation program and came to MarketSite to celebrate.
Nasdaq International Designation: In the News
UPDATE - Nasdaq Hosted 3rd Nasdaq International Designation Virtual Investor Conference
Nasdaq Hosted 2nd Nasdaq International Designation Virtual Investor Conference
CORRECTION: Scythian Biosciences Corp. (OTC: SCCYF – Nasdaq International Designation) (TSXV: SCYB) to Ring The Nasdaq Stock Market Closing Bell
Nasdaq International Designation Fact Sheet Download Nasdaq International Designation Fact Sheet
Nasdaq International Designation Application Download Nasdaq International Designation Application
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