I’m just trying to make sure I understand correctly. Does it mean if I buy this ADS stock at like $10. This one stock= 10 shares of the company? Meaning I just actually brought it at $1 a share? Are there benefits to this?
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Would help to know which company you’re talking about. An American depositary share *in general* is just a US-dollar denominated share in a foreign company available on a US stock exchange. No idea why a given company’s ADS would be worth 10x their other shares, sounds like an arbitrage opportunity.
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