9.36000 USD
0.13
1.37%
Last update Dec 9, 1:52 PM EST
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Day range
9.36000
9.36000
Previous close
9.49000
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9.36000
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Mercari Inc. Unsponsored ADR
9.36
0.13
1.37%

Overview

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Description

Mercari Inc. Unsponsored ADR represents American Depositary Receipts of Mercari Inc., a Japanese e-commerce company. Mercari operates a popular C2C marketplace app, enabling users to buy and sell a wide range of goods seamlessly. This platform has gained traction for its ease of use, especially in the mobile commerce space, which appeals to a younger demographic seeking convenient, on-the-go shopping solutions. Mercari's innovative approach focuses on efficiency in second-hand merchandise transactions, tapping into the burgeoning circular economy and promoting sustainability in consumer behavior. The Unsponsored ADR aspect allows U.S. investors to gain exposure to Mercari's operations and market performance without the direct purchase of foreign stocks. Despite its primary operations in Japan, Mercari's expanding presence in international markets, including the U.S., underscores its strategic importance and potential influence on the global e-commerce landscape. The ADRs provide a mechanism for investors to diversify portfolios with foreign equity, aligning with broader investment strategies that seek to capture opportunities in different geographic markets.

About

CEO
Mr. Shintaro Yamada
Employees
2159
Address
Roppongi Hills Mori Tower
18th Floor 6-10-1, Roppongi Minato-ku
Tokyo, 106-6118
Phone
81 3 6804 6907
Website
Instrument type
American depositary receipt
Sector
Consumer Cyclical
Industry
Internet Retail
Country
United States
MIC code
PINX
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