I understand the advantages of the American Depository Receipt (ADR) program to the Company and to potential US investors, but I don't understand how the ADR price is established -- i.e., according to the 17/05/2010 Company announcement the Lynas ADR ratio is 1 to 10 (i.e., each LYSDY ADR represents 10 LYC or LYSCF shares). If that is the case, and yesterday's value of LYSCF on the US market was US $0.455, then why was the ADR quoted as US $23.44, rather than $0.455 x 10 or $4.55? If someone could explain that to me, I would appreciate it.
adr pricing
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add LYC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$5.92 |
Change
-0.035(0.59%) |
Mkt cap ! $5.510B | |||
| Open | High | Low | Value | Volume |
| $5.95 | $5.95 | $5.88 | $2.978M | 497.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3 | $5.91 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.92 | 13829 | 33 |
View Market Depth
| Last trade - 12.01pm 08/08/2024 (20 minute delay) ? |
| LYC (ASX) Chart |