FBR Limited (ASX: $FBR) has announced the commencement of trading of its Ordinary Shares on the OTCQB Venture Market under the ticker 'FBRKF'. The OTCQB Venture Market, operated by OTC Markets Group in New York, provides U.S. investors with live-market access to OTC-listed securities during North American trading hours in U.S. dollar denominated terms.
The Company's listing on the OTCQB Venture Market is a strategic move as part of its planned market entry into the United States. This will include a 5-10 house Demonstration Program in Florida with CRH Ventures, aimed at increasing exposure to, and generating interest from, U.S. domiciled retail and institutional investors. The listing on the OTCQB Venture Market is expected to improve accessibility to FBR for the U.S. investor base.
FBR Limited (ASX: $FBR) has commenced trading on the OTCQB Venture Market, marking a significant step in the Company's planned market entry into the United States. The listing is expected to increase exposure to, and generate increased interest from, U.S. domiciled retail and institutional investors. FBR's compliance with OTCQB requirements will be satisfied through ongoing satisfaction of ASX primary listing obligations, with no additional disclosure requirements in respect of the OTCQB listing. The Company's future activities in the U.S., including the Demonstration Program in Florida, are aimed at furthering its market presence and accessibility to U.S. investors.