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Samsung Electronics denies report it is exploring U.S. listing

Samsung says it is not reviewing issuing American Depositary Receipts (ADRs) in the U.S., denying a report that it held preliminary discussions with banks about a potential ADR offering.

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El Mahldi

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Samsung Electronics denies report it is exploring U.S. listing

Samsung Electronics denied a report that it was exploring a U.S. listing through American Depositary Receipts (ADRs). A Samsung spokesperson said the company is not reviewing the possibility of issuing ADRs. The denial comes after Bloomberg reported Samsung had held preliminary discussions with banks about a potential ADR offering, without any decision yet on whether to proceed. Reuters also notes Samsung previously reviewed an ADR option but decided against it, and that SK Hynix’s recent successful U.S. listing has prompted renewed interest.

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