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.