Have you seen the insane price gap between Wing Yip Food’s ADR on Nasdaq and its common stock on KOSDAQ? The ADR is trading at $9.21, while the KOSDAQ-listed shares are just ?1,663 per share. With the current exchange rate of ?1,453/USD, that means ADR holders are paying a whopping 8x premium compared to the local stock!
Here’s the kicker: The ADR and the KOSDAQ stock are 1:1 interchangeable, as officially disclosed. Once the lock-up period ends, expect a massive price correction. This means you can buy the KOSDAQ stock dirt cheap and potentially arbitrage the difference when the prices align.
If you’re holding the ADR, consider securing KOSDAQ shares now—you’re getting the exact same stock for a fraction of the price. When the conversion process opens up, you’ll be sitting on a goldmine.
Don’t miss out on this insane opportunity. Do your due diligence, but this kind of price discrepancy doesn’t last forever!