Samsung Electronics is exploring the possibility of offering American Depositary Receipts, or ADRs, on US markets, according to a Bloomberg News report published Tuesday that cited sources with knowledge of the situation.
Reuters was unable to independently confirm the report, and Samsung declined to offer any comment on the matter.
According to Bloomberg, the tech giant has had early-stage conversations with banks about the potential offering, though no final decision has been made. The discussions remain at a very preliminary level and may not ultimately lead to a listing.
This is not the first time Samsung has considered such a move. The company has previously looked into the possibility of an ADR offering but chose not to go through with it. However, a fresh development appears to have renewed the company’s interest — the successful US debut of fellow South Korean chipmaker SK Hynix.
Just last week, SK Hynix priced its American Depositary Receipts at $149 each, generating approximately $26.5 billion in what became the largest-ever US listing by a foreign company. That milestone appears to have given Samsung new reason to revisit the idea.
