facebookHi I was looking at Infineon technologies. It has ifnny and ifnnf. Can anyone tell me what is their difference? - Seedly

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Anonymous

06 Feb 2022

βˆ™

General Investing

Hi I was looking at Infineon technologies. It has ifnny and ifnnf. Can anyone tell me what is their difference?

Discussion (1)

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NY is the ADR and NF is the ordinary share. The split ratios are sometimes tricky as well though in this case it is a no nonsense German company with 1:1 ratio. Do note that their ADRs are sponsored Level I with limited SEC reporting, not Level 3.

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ADRs have much better liquidity since they trade in the US but come with slightly additional costs (reflected in the price difference of a few cents) and lower SEC oversight. However, since this is a German company listed in Frankfurt I would personally deem the risk to be negligible but please use your judgement based your comfort level.

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