• Dual listing is the listing of any security on two or more exchanges.

  • The main advantage of dual listing is access to additional capital and increased liquidity.
  • A popular way of dual listing for non-US companies in the US is to use ADRs or American depositary receipts.
  • Given exchange rates and other complexities, share prices should remain the same on both exchanges. If not, the arbitrator will bring them together.
  • Some companies find it difficult to track the trading of their shares in two markets at the same time and may need to initiate separate marketing and investor relations plans.