Samsung Electronics Denies Report that It Is Exploring US Listing
20 Articles
20 Articles
Samsung Electronics Co. is in the early stages of evaluating a possible offer from American Depositary Receipts (ADRs), according to people with knowledge of the subject. The company held preliminary discussions with banks, but has not yet made a decision about moving forward, people said, who asked not to be identified for dealing with private deliberations. As part of the decision, Samsung will monitor the volatility of the actions of memory c…
Samsung explores potential US listing via ADRs, Bloomberg News reports
(Seoul = Yonhap News) Reporter Cho Seong-heum = Samsung Electronics denied the possibility of listing American Depositary Receipts (ADRs) raised by some, including foreign media.
The Economic Times
Samsung Electronics denies report that it is exploring US listing
Samsung Electronics denied exploring a U.S. listing of American Depositary Receipts. Bloomberg News had reported preliminary discussions with banks about a potential offering. The South Korean chipmaker previously considered and rejected a similar U.S. listing. Rival SK Hynix recently completed a successful and large U.S. ADR offering. Samsung is not currently reviewing the possibility of issuing American Depositary Receipts.
South Korean technology giant Samsung Electronics plans to issue American Depositary Receipts (ADRs) in order to be able to trade directly on US stock exchanges. Inspired by the historic IPO success of its biggest rival SK Hynix in New York, the company aims to reach American investors directly with this move.
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