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Steve ,

Liquidity

FuckyWucky ,

It’s not just because they want to raise money, they want to raise dollars specifically.

That said, China has been pushing companies towards domestic capital markets, which run on Yuan.

b763e622 ,

Mainly because US investors are lazy investors:

  1. The security is in USD (no change required)
  2. The security trades at normal US trading hours (not with time delay due to time differential btw the US and the country of origin of the company)
  3. It is treated as a local security in your tax declaration hence easier to declare to taxes from an individual investor’s perspective

en.m.wikipedia.org/…/American_depositary_receipt

mannycalavera ,
@mannycalavera@feddit.uk avatar

Why do companies list on stock exchanges at all? Answer that question and you’ll understand how to answer your question.

tfowinder OP ,
@tfowinder@lemmy.ml avatar

To raise money from the public.

mannycalavera ,
@mannycalavera@feddit.uk avatar

Exactly, so does it make sense to expose your listing to another country’s public if you think you can raise more 💰?

livus ,
@livus@kbin.social avatar

So I guess the missing piece here is for many people it's much easier to buy and hold shares from an exchange in their own country.

Additionally, they get bought by index funds that buy shares that are listed on particular exchanges.

slazer2au ,

Liquidity would be my guess.

But Wikipedia has a decent article on Cross Listed companies

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