Tesco Qualifies for OTCQX Best Market, Joining Aviva and Bayer in 2025

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Tesco PLC has qualified to trade its American Depositary Receipts (TSCDY) on the OTCQX Best Market, providing US investors regulated access to one of the UK’s largest grocery retailers. In 2025 leading European issuers including LSEG, Aviva and Bayer joined OTCQX to broaden their investor base and boost liquidity.

1. Tesco Qualifies for OTCQX Best Market

Tesco PLC has been approved to trade on OTCQX Best Market under the symbols TSCDY and TSCDF, granting U.S. investors direct, transparent access to the shares of one of the United Kingdom’s largest grocery retailers. The qualification follows Tesco’s submission of audited financial statements, adherence to OTCQX’s ongoing disclosure requirements and satisfaction of the platform’s corporate governance standards. This move marks Tesco as the latest European large-cap to leverage OTC Markets Group’s cross-border trading framework.

2. Strategic Implications for U.S. Investors

By listing on OTCQX, Tesco provides U.S. institutional and retail investors with real-time quotation and settlement in U.S. dollars, eliminating currency conversion delays and reducing settlement risk. OTCQX’s streamlined fee structure and absence of listing fees associated with U.S. exchanges mean that market participants can access Tesco’s equity without incurring significant additional costs. Furthermore, the debut coincides with Tesco’s expansion in online grocery penetration—up more than 15% year-over-year—and reflects its 2% increase in underlying operating profit in the first half of the current financial year.

3. Broader Trend Among European Issuers

Tesco’s listing follows a wave of European blue-chip companies adopting OTCQX to extend their U.S. investor outreach. In 2025, six major issuers including Aviva, Bayer AG and Reckitt Benckiser Group chose OTCQX, collectively representing over $300 billion in market capitalization. Jason Paltrowitz, EVP of Corporate Services at OTC Markets Group, highlighted that OTCQX enables these firms to ‘List Local, Trade Global’ by maintaining primary listings on home exchanges while tapping into deeper liquidity pools in the U.S. without the regulatory complexity of a full U.S. exchange registration.

Sources

IG