Adidas AG Depositary Receipt

Adidas AG Depositary Receipt is a financial security known as an American Depositary Receipt (ADR), which represents ownership in ordinary shares of Adidas AG, a leading multinational manufacturer of athletic footwear, apparel, and accessories. This ADR allows investors outside Germany—particularly in the United States—to gain exposure to Adidas AG without transacting directly on German exchanges or in euros. Priced and traded in U.S. dollars, the ADR provides a convenient and accessible way for international investors to invest in the company's equity while benefiting from local settlement and dividend payments in their home currency. Each Adidas AG Depositary Receipt is backed by a specific quantity of the company's underlying ordinary shares and managed by a depositary bank, which administers services such as share registration, dividend distributions, and voting on corporate actions for ADR holders. By facilitating cross-border investment, this asset plays a significant role in opening global capital markets to Adidas AG, enhancing liquidity, and broadening the company’s shareholder base.