Samsung Electronics denies report that it is exploring US listing
Samsung Electronics denied on Tuesday a report that it was in the early stages of exploring a potential U.S. offering of American Depositary Receipts (ADRs).
“Samsung Electronics is not reviewing the possibility of issuing American Depositary Receipts,” a Samsung spokesperson said in a statement.
On Tuesday, Bloomberg News reported that Samsung has held preliminary discussions with banks, but has not yet made a decision about whether to proceed, citing people familiar with the matter, adding that the discussions might not result in a listing.
