Samsung explores potential US ADR listing, Bloomberg News reports

Samsung Electronics is in the early stages of exploring a potential offering of American depositary receipts (ADRs), Bloomberg News reported on Tuesday, citing people familiar with the ⁠matter.

Reuters could not immediately verify the report. Samsung declined to comment.

Samsung has held ⁠preliminary discussions with banks, but hasn’t yet made a decision about whether to proceed, the report said, adding that the discussions are in the very early stages and may not result in a listing.

Samsung Electronics has previously reviewed the possibility of an ADR offering before ultimately deciding against ⁠proceeding, though the successful U.S. listing of SK hynix has given Samsung fresh motivation to revisit the idea, the ⁠report said.

Last week, ⁠rival ⁠SK hynix priced its American depositary receipts at $149, raising about $26.5 billion in the biggest-ever US listing by a foreign company.

Reuters