If I buy a foreign stock, can i convert to adr ?

thepalatinezoom4 · Oct 7, 2020

Generally people convert adr to stocks. Is the inverse possible ?

For example, someone have Nintendo stocks from japan and convert to Nintendo OTC markets Adr

ph1l · Oct 7, 2020

Converting ordinary shares to ADRs is sometimes allowed. For example,
https://ibkr.info/node/1834

Holders of the underlying ordinary shares may request to convert these shares into an ADR. Similarly, holders of an ADR may request to convert to the underlying ordinary shares.

IB will offer this conversion for the shares listed here.
...
In the event the security is not listed within the table, customers may submit an Inquiry Ticket. Within the ticket, please indicate the security you wish to convert and the number of shares. Upon receipt, IBKR will review the request and provide information on whether the action will be made available.
More...

xandman · Oct 7, 2020

Seems like a small list and Nintendo is not in it. Surely, this only applies to IBKR.

You may have to go to Bank of New York for the biggest list possible.

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If I buy a foreign stock, can i convert to adr ?

thepalatinezoom4

ph1l

xandman