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TFO Winder@lemmy.ml to Asklemmy@lemmy.ml · 2 years ago

Why foreign companies like Toyota/Alibaba list on New York Stock exchange even though tokyo and others exist.

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Why foreign companies like Toyota/Alibaba list on New York Stock exchange even though tokyo and others exist.

TFO Winder@lemmy.ml to Asklemmy@lemmy.ml · 2 years ago
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  • MBV ⚜️@lemm.ee
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    2 years ago

    Mainly because US investors are lazy investors:

    1. The security is in USD (no change required)
    2. The security trades at normal US trading hours (not with time delay due to time differential btw the US and the country of origin of the company)
    3. It is treated as a local security in your tax declaration hence easier to declare to taxes from an individual investor’s perspective

    https://en.m.wikipedia.org/wiki/American_depositary_receipt

  • slazer2au@lemmy.world
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    2 years ago

    Liquidity would be my guess.

    But Wikipedia has a decent article on Cross Listed companies

  • Steve@startrek.website
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    2 years ago

    Liquidity

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