Mobile gaming company LeoVegas has today made its shares tradable in US dollars via the US’s OTCQX market.
Shares will now be available as F shares listed under the ticker symbol LEOVF, and will run alongside LeoVegas’ current listing on the Nasdaq Stockholm Main Market list.
LeoVegas said that to qualify for trading on the OTCQX market, a company must meet high financial standards and comply with any necessary security laws – whilst adhering to best practices of corporate governance.
“Today approximately 12% of our shareholders are from the USA, and we are seeing ever-greater interest in LeoVegas as a company and investment,” LeoVegas CEO Gustaf Hagman said.
“The decision to also begin trading on OTCQX will help make us more accessible for American investors and thereby enable others to join us on our growth journey going forward.
“I want to welcome all of the new shareholders that this will bring.”
After a successful 2020 in which its profits doubled, the company sees the move as an opportunity to tap into the US market and gain greater access to US investors.