The Electronic Pink Sheets are also know as the "The National Quotation Bureau (NQB). the Pink sheets have been around since 1900. Many companies are choosing to go public and trade over the counter on the Pink Sheets, because it offers many of the advantages of the Nasdaq without the SEC reporting requirements and audited Financials. It is also cheaper to list on the pink sheets and can be about half the cost of listing on the Nasdaq. The cost can be as little as $50,000. The company also does not need to comply with Sarbanes Oxley.
The Pink Sheets are increasingly becoming an alnative to the OTC Bulletin Board and Nasdaq. Therefore many investment banks are recommending the Pink Sheets because it allows a company to have many of the same benefits of a private and a public company. If you would like to list on the pink sheets please contact us at Heavyhitter.co and we can put you in touch with the appropriate investment bankers.
The Pink Sheets Description and History
The Pink Sheets are the leader in pricing and financial information for the over the counter (OTC) securities marekt. The Pink Sheets provide greater transparency of information in the OTC markets and consequently make them more efficient for all the participants. There is a centralized information network that is designed to benefitt market makers, brokers, issuers, and OTC investors.
The beginnnings of the Pink Sheets go back to 1904 when the "National Quotation Bureau" (NQB) began as a paper based inter dealer quotation service linking competing market makers in OTC securities across the country. Since that time, the Pink Sheets are the Yellow Sheets have been the central place for trading information in OTC stocks and bonds.
In the 1990's the Pink Sheets transformed itself by utilizaing the power of the internet and the advances in electronic technology. The introduction of web based technology is revolutionizing the securities markets.
In September of 1999, the Pink Sheets Introduced their Electonic Quotation Service, an Internet based real time quotation service for OTC equities and bonds for market makers and brokers.