Tesco shares begin trading on OTCQX market in US
Tesco’s move comes as a number of large European companies seek to broaden their US investor base while retaining their home market listings
Register to get 1 free article
Reveal the article below by registering for our email newsletter.
Want unlimited access? View Plans
Already have an account? Sign in
Tesco has begun trading on the OTCQX Best Market in the United States, giving US investors access to shares in one of the UK’s largest grocery retailers.
The supermarket group’s ordinary shares are now available on the regulated market operated by OTC Markets Group, under the tickers TSCDY and TSCDF, alongside its primary London Stock Exchange listing.
Tesco’s move comes as a number of large European companies seek to broaden their US investor base while retaining their home market listings. In 2025, companies including London Stock Exchange Group, Aviva, Compass, Reckitt Benckiser Group, Bayer and OMV have also qualified to trade on the OTCQX Best Market.
Story Stream: More on Tesco
- UK grocery sales jump 3% over Christmas as shoppers turn to online
- Asda backer raises £3.3bn from property sales as market share slides
- Marks and Spencer tops UK retailer trust rankings despite cyberattack
- SUPR acquires three UK grocery stores in £98m deal
- The Entertainer reports strong UK and international growth
OTC Markets Group operates trading venues for more than 12,000 US and international securities. Its OTCQX platform is designed for established companies that meet financial and governance standards but do not wish to pursue a full US stock exchange listing.
Jason Paltrowitz, executive vice-president of corporate services at OTC Markets Group, said the structure allowed companies to reach US investors while remaining listed domestically.
He said: “As globally recognised issuers look to expand their US investor base, OTCQX offers an accessible, regulated venue that complements – rather than competes with – their home exchange.”
