Banco Itaú Chile Reports Effectiveness Of Voluntary Delisting Of ADSs From NYSE
Portfolio Pulse from Benzinga Newsdesk
Banco Itaú Chile has announced the effectiveness of its voluntary delisting of American Depositary Shares (ADSs) from the New York Stock Exchange (NYSE).
November 20, 2023 | 10:20 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Banco Itaú Chile's voluntary delisting from the NYSE means its ADSs will no longer be traded on this major exchange, potentially reducing its visibility and liquidity among international investors.
The delisting of Banco Itaú Chile's ADSs from the NYSE is likely to have a negative short-term impact on the stock's liquidity and visibility, as it removes a platform where international investors could easily trade the shares. This could lead to a decrease in demand and potentially lower the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100