Hi, in reference to this IPO, I’m looking for the difference between from depository receipt and a share.
(Please note that link might not be accessible to everyone)
My understanding so far is that since Implantica, company in this case, is a foreign company (Swiss based) the broker is issuing a depository receipt instead of a share. This allows residents of Sweden to own a portion of a foreign company through this certificate, i.e., SDR.
I haven’t realised it so far, but is this the same case for the Swedish companies listed here but traded in USA?