Pink OTC Markets, an electronic inter-dealer quotation system, trading technology and financial information provider for over-the-counter (OTC) securities, has announced that Intercell AG, an Austrian biotechnology company, has chosen to list its American Depositary Receipts (ADRs) on OTCQX.
Reportedly, Intercell’s ADRs began trading on the OTC market’s tier, OTCQX International. Intercell’s ADRs will trade in the US on OTCQX under the ticker ‘INRLY’ where each ADR will represent 1 ordinary share. In addition, Intercell’s shares are also listed on the Vienna Stock Exchange under the symbol ICLL.
The Bank of New York Mellon, which acts as depositary for Intercell’s ADR program, will serve as Intercell’s Principal American Liaison (PAL) on OTCQX, responsible for providing guidance on listing requirements.
