Stock Price (NYSE ADR)
What is ADR?
ADRs are securities issued for the purpose of trading in the U.S. in place of the underlying stock of foreign companies. As ADRs are registered with the SEC as U.S. securities, they are traded, settled and held in custody in substantively the same manner as the stocks of U.S. companies. ADR is an acronym for American Depositary Receipts.
Outline of Mizuho Financial Group's ADR
- 1.Type of ADR Program: Sponsored Level 2 Program (*)
- 2.Conversion ratio: 1 ADR=2 common shares
- 3.U.S. Security Code (CUSIP): 60687Y109
- 4.NYSE Ticker Symbol: MFG
- 5.Depositary bank: The Bank of New York Mellon
- 6.Local custodian bank: Mizuho Bank, Ltd.
- *For sponsored ADRs, the company issuing the underlying stock enters into a deposit agreement with a specific depositary bank, and ADRs are issued by the depositary bank once the issuer, depositary bank and investor rights and obligations have been clarified. In contrast, unsponsored ADRs are issued by the depositary bank based on investor demand without any involvement by the company issuing the underlying stock. Sponsored ADR Programs are divided into Levels 1, 2 or 3 depending on whether the issuance or sale of new stock is involved and the level of disclosure the company is obligated to provide. Under a Level 2 program, ADRs may be issued and listed on U.S. stock exchanges without being accompanied by the issuance or sale of new stock, and the issuer of the underlying stock is required to disclose information in a similar manner as U.S. listed companies.
Details of Mizuho Financial Group's ADR price, daily and weekly chart.