Sam is a professional trader and the lead stock market news writer at AskTraders. After starting his career in the forex market, Sam now focuses on gold and stocks with a preference for fundamental and macroeconomic analysis.
Blackbird shares are climbing on Wednesday after the company confirmed that trading in its shares will begin today on the OTCQX Best Market, in the US, under the ticker symbol BBRDF.
The developer and seller of the cloud-native video editing platform, BlackBird, said trading on the US OTC market will have no direct impact on the trading of its existing shares on the AIM and no new shares will be issued as part of the cross trade.
Blackbird believes the shares being traded in the US will “provide enhanced investor benefits, including easier trading access for investors located in the US, and greater liquidity due to a broader geographic pool of potential investors.”
Ian McDonough, Chief Executive of Blackbird, said: “This cross-trading facility provides a fantastic opportunity to open up investment in Blackbird to the North American investor community.”
“We have strong recent sales growth with high profile North American customers. We welcome the chance to share our fast developing and exciting story on the US stage as well as the UK one,” added McDonough.
Blackbird's share price has risen 1.97% to 36.2p so far on Wednesday.
Blackbird shares are traded on the London stock exchange's AIM market (the alternative investment market), which is the submarket specifically for smaller companies. AIM stocks are attractive to investors as they have tax advantages and smaller companies have the potential to benefit from rapid growth. But are Blackbird shares the best buy? Our stock market analysts regularly review the market and share their picks for high growth companies
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