NEW YORK, April 1, 2014 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces, today announced that Shiseido Company, Ltd. (TSE: 4911; OTCQX: SSDOY), the leading Japanese cosmetics manufacturer, has chosen to have its American Depositary Receipts (ADRs) trade on OTCQX®, the best marketplace with qualified companies.
Shiseido begins trading today on OTCQX International Premier, a segment of the OTCQX marketplace reserved for world-leading non-U.S. companies that are listed on a qualified international exchange and provide their home country disclosure to U.S. investors. U.S. investors can find current financial disclosures and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
"We are pleased to welcome Shiseido, one of the world's largest cosmetics and beauty companies and a respected Japanese brand, to the OTCQX marketplace," said R. Cromwell Coulson, President and CEO of OTC Markets Group. "By joining OTCQX, Shiseido ensures its U.S. investors will have transparent trading and convenient access to its news and financial disclosure, making it easier for them to analyze, value and trade its securities. We look forward to working with Shiseido's management team as they continue to grow their presence in the U.S. market."
BNY Mellon serves as Shiseido's Principal American Liaison ("PAL") on OTCQX, responsible for providing professional guidance on OTCQX requirements.
Shiseido Company Ltd. is the parent company of a group engaged in the manufacture and sale of cosmetics. Shiseido's primary products include make-up, skin-care products, hair/body-care products, cosmetic accessories, and other toiletries. The company's brand names include "Global SHISEIDO," "cle de peau BEAUTE," "bareMinerals," "SENKA," "TSUBAKI," "NARS," "Za," "BEAUTE PRESTIGE INTERNATIONAL," "IPSA," and "ettusais." Shiseido also manufactures beauty salon-use hair products, pharmaceuticals, and dietary supplements.
Shiseido will trade in the U.S. on OTCQX under the symbol "SSDOY," where each ADR represents one ordinary share.
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 better inform investors of opportunities and risks – OTCQX®, The Best Marketplace; OTCQB®, The Venture Stage Marketplace; and OTC Pink®, The 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.
SOURCE OTC Markets Group Inc.