Sun Jan 30 18:19:14 +0000 2022
These banks get instant appreciation because 1 ADR typically represents more than 1 Share in the foreign company’s stock, “to avoid having the ADR trade at a low market price”.
Because they made up the rules before they made up the prices, you see.
These banks get instant appreciation because 1 ADR typically represents more than 1 Share in the foreign company's stock, "to avoid having the ADR trade at a low market price".
Because they made up the rules before they made up the prices, you see.
— FractalCapital (@fractaIcapitaI) January 30, 2022
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