Global Shares

global shares

Stock that trades in multiple currencies. For example, shares of DaimlerChrysler trade in dollars in the United States, euros in Germany, yen in Japan, and in the home currencies of several other countries. Global shares are uncommon and are different from American Depositary Shares that are claims on a firm's ordinary shares.

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Global Shares

Shares that trade on multiple exchanges with different currencies. For example, if a publicly-traded company issues shares in dollars for the New York Stock Exchange and pounds for the London Stock Exchange, it is issuing global shares. These are fairly uncommon, and certainly less common than International Depository Receipts, whereby a company issues its shares in one currency but allows banks effectively to trade them in another.