GXG Markets First Quote, the "New OTC Market"
GXG Markets First Quote is designed for smaller or start-up companies, and provides the opportunity for quality companies to have their shares traded on a public marketplace with a stock price for their shares and a market capitalization (stock price x total outstanding shares in existence).
Public listings on GXG Markets First Quote are extremely fast, allowing companies to achieve a listing in only about 4 weeks.
Information and share purchases for companies listed on the OTC is restricted to professional or sophisticated investors and existing shareholders without a prospectus. This limited circulation allows companies to conduct further fundraising through a private placing of shares, without the need to produce a public offer document or prospectus.
With a listing on GXG Markets First Quote and an approved prospectus, companies can offer their shares for sale to the general public in a public offering.
The following are the general requirements for listing the Issuer on GXG Markets First Quote:
No Minimum age of company
Minimum 30 shareholders
Audited financials not required
Approved Prospectus not required
Other listing documents, applications, forms and requirements.
Shares traded through select registered brokers
