Launching an ADR programme still makes sense for non-US corporates in spite of the additional reporting burden imposed as a result of Sarbanes-Oxley, according to new research.
Analysis from Oxford Metrica, the UK-based strategic advisor, shows that American depository receipts continue to boost domestic share price despite the harsher regulatory environment.
The research reveals that launching a depositary receipt (DR) – a US security representing a non-US company’s publicly traded equity – can increase domestic share price by up to 10% in one year.
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