Alternatively, a bank can create ADRs that represent shares at different ratios like 2:1, 3:1, or 10:1, such that a single ADR share represents multiple shares of the underlying company’s stock.

with its U.S. ADR surging as much as 24% on Tuesday before closing up 17.1% at USD5.82, marking its largest single-day gain on record. The company stated that the transaction is valued at USD14.2 ...