Guild Esports PLC (LSE:GILD, OTC:GULDF), the company co-owned by David Beckham, announced its shares have begun trading on the OTCQB Venture Market in the US under the ticker symbol "GULDF".
The company's shares will continue to trade on the London Stock Exchange (LSE).
Jonathan Dickson, vice president of international corporate services at OTC Markets said, "Trading on the London Stock Exchange and on the OTCQB Market will enable Guild to efficiently build global investor awareness and provide US investors with a seamless trading facility.”
A global team organisation and lifestyle brand, Guild says that trading on the new market has no impact on the existing shares on the LSE, and that no new ordinary shares will be issued as part of the cross-trade.
According to Kal Hourd, chief executive of Guild, trading on the OTCQB will allow for "increased access to US institutional and retail investors and a broader shareholder base.”
Beckham added, “It has been great to see Guild start to make its mark with top rankings across all teams and some great commercial partners like Subway and Samsung. It will be exciting to see this next stage in Guild's development."