Why foreign companies like Toyota/Alibaba list on New York Stock exchange even though tokyo and others exist.
Why foreign companies like Toyota/Alibaba list on New York Stock exchange even though tokyo and others exist.
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Mainly because US investors are lazy investors:
- The security is in USD (no change required)
- The security trades at normal US trading hours (not with time delay due to time differential btw the US and the country of origin of the company)
- It is treated as a local security in your tax declaration hence easier to declare to taxes from an individual investor's perspective
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