HandbookPrices and the spread
What are American depositary shares (ADS)?
What it means and how to read it on a deal.
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Tracking Alpha
What it is
Certificates that trade in the US and stand for shares of a non-US company, each for a set number of its shares.
On the site asPrice per ADSShares per ADS
How to read it
When the target's US-listed shares are ADSs, the checklist gives the cash price per ADS and how many shares one ADS represents.
