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Meta Platforms, Inc. Depositary Receipt issue...
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Overview

Description

Meta Platforms, Inc. Depositary Receipt issued by Krungthai Bank PCL is a fractional depositary receipt (DRx), a financial instrument that allows investors in Thailand to gain economic exposure to Meta Platforms, Inc., one of the world's leading technology and social media companies. Meta Platforms is known for its ownership and development of global offerings, including Facebook, Instagram, and WhatsApp, as well as advancements in virtual reality through products like Oculus. The DRx structure enables investors to access the rights and benefits consistent with holding the underlying foreign shares, but through the local market using Thai baht, thus providing improved accessibility and convenience for retail investors. This instrument plays a pivotal role in expanding the accessibility of global equities to Thai investors, broadening investment opportunities without the need for direct foreign market access. By representing a fractional interest in Meta Platforms’ shares, this DRx facilitates portfolio diversification and connects the Thai market with international innovation and sector trends, particularly across digital communication, advertising, and emerging metaverse technologies.

About

CEO
Mr. Mark Elliot Zuckerberg
Employees
78865
Address
1 Meta Way
Menlo Park, 94025, CA
United States
Phone
650 543 4800
Website
Instrument type
Depositary receipt
Sector
Communication Services
Industry
Internet Content & Information
Country
Thailand
MIC code
XBKK
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