equity valuation

Finance Junkie
Posts: 258
Joined: Thu Sep 20, 2012 3:42 pm

equity valuation

Postby pradeeppdy » Sat Nov 24, 2012 6:34 pm

What is GDR and ADR?

is ADR means it can only be raise in usd and in usa,but GDR can be raised in any currency and in any country.

Please if you can brief it.


Finance Junkie
Posts: 49
Joined: Thu Aug 09, 2012 4:45 pm

Re: equity valuation

Postby deepakkrkanodia » Sun Nov 25, 2012 1:00 am

GDR means globaly deposit receipts. GDR can not be raised in any currencies, it can only be raised in US dollars, but only raised outside USA, mainly in london and luxemborg exchanges.

ADR means american depository receipts and also raised in US dollars but in USA only.

both are done by issuers country to get listed in foreign country so that people get to know the company and can be recognized globally.

for any currencies,the said is GRS (globally registered shares) means suppose arbitrageur buys a security in euros in Europe exchange and sells the same in
dollars in US exchange.

hope this will fit your query.

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