NEW YORK, June 29, 2015 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM) is pleased to congratulate Concordia Healthcare Corporation, a Canada-based specialty healthcare company, on its NASDAQ listing. Prior to joining NASDAQ, Concordia traded on the OTCQX® Best Marketplace operated by OTC Markets Group.
Since it joined OTCQX on January 29, 2014, Concordia's share price has increased 671% to over $77 and its 90-day average daily dollar volume has increased 550%. The company has a market capitalization of over $2.1 billion.
"We are thrilled to congratulate Concordia Healthcare on its graduation to NASDAQ from the OTCQX marketplace," said R. Cromwell Coulson, President and CEO of OTC Markets Group.
"Trading on OTCQX enables Canadian and other foreign exchange-listed companies to leverage their home country disclosure to increase their profile with U.S. investors and grow their global trade volume – whether they continue to trade on OTCQX or graduate to a U.S. stock exchange listing. We are proud to have contributed to Concordia's achievement of this important milestone and wish the company continued success in the U.S. market."
OTC Markets Group is the global leader in exchange graduates, advancing 83 companies to the New York Stock Exchange, NASDAQ and NYSE MKT in 2014. More than 400 additional companies have graduated from the marketplaces in the past four years.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates Open, Transparent and Connected financial marketplaces for 10,000 U.S. and global securities. Through our OTC Link® ATS, we directly link a diverse network of broker-dealers that provide liquidity and execution services for a wide spectrum of securities. We organize these securities into marketplaces to inform investors of opportunities and risks: the OTCQX® Best Marketplace; the OTCQB® Venture Marketplace; and the OTC Pink® Open Marketplace. Our data-driven platform enables investors to easily trade through the broker of their choice at the best possible price and empowers a broad range of companies to improve the quality and availability of information for their investors. To learn more about how we create better informed and more efficient financial marketplaces, visit www.otcmarkets.com.
OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and SEC regulated ATS.
Saskia Sidenfaden, OTC Markets Group Inc., +1 (212) 896-4428, [email protected]
SOURCE OTC Markets Group Inc.