Jump to content

Need help with American Depositary/currency issue


Recommended Posts

This is specific to Naspers Limited which is South African based.  I must be missing something.  As I see it, the common is trading for 291,000 in home currency (ZAR).  The currency conversion to USD is currently $0.075. 


Thus, the conversion gets me to share price of $21,952.35. 


However, the ADRs are trading at $23.35 with a 10:1 ratio.  But that translates into a $233.50 share price which is off by nearly a factor of ten (actually 100).  What am I missing here?  Is there another share class that the ADRs are being based off? 


Any insight would be greatly appreciated.  (Probably a stupid question with the answer looking me in the face.)


Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Create New...