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Strategies & Market Trends : From the Trading Desk

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To: steve goldman who wrote ()	12/19/1999 2:41:00 AM
From: jjetstream	Read Replies (1) of 4969

Steve, I am wondering...something in reference to adr's .....a london company has a 1:1 ratio Level 1 adr's trading on the otc here in the states....now if this london company were to IPO in the US on the Naz.....what happens at the time of trading to the original adr's.....looking forward to your input on this one....

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