American Depository Receipt Ratio

(redirected from ADR Ratios)

American Depository Receipt Ratio

The number of foreign shares represented by a single American Depository Receipt (ADR). An ADR is a certificate issued by a bank representing a certain number of shares of a stock the bank holds in trust, but that are traded on a foreign stock exchange and denominated in U.S. dollars. The number of shares represented by a single ADR is at the discretion of the bank issuing the ADR. The ADR ratio can have an effect on the price of the ADR.
Mentioned in ?
References in periodicals archive ?
The issuers, all traded on the Russian Trading System, are (with tickers, CUSIPs and ADR ratios, and websites stated):
In conjunction with the reverse stock split and par value changes, the ADR ratios will be changed from 1:5 to 1:1 effective August 23, 1999.