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Monday, April 24, 2017 1:03:44 AM
"it comes as something of a surprise that some of the biggest, best-known foreign firms chose to list on the Pink Sheets exclusively in the the U.S.
Take Nestle (NSRGY), for example, the world's largest food and beverage company. Sure, you could buy shares on Nestle's home exchange, but then you'd be subject to currency risk converting dollars to Swiss francs. So that leaves you with Nestle American Depositary Receipts (or ADRs, a vehicle foreign companies use to trade in the U.S.). Nestle purposely eschews listing its ADR on a major exchange such as the Nasdaq because it would have to prepare two sets of financial statements -- one in accordance with international standards and another adhering to U.S. standards."
https://www.google.com/amp/s/www.aol.com/amp/2010/11/13/global-giants-hiding-on-the-pink-sheets/
All of my posts are my opinion only and are not meant to be investment advice.
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