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Metaplanet KK ( (JP:3350) ) has shared an announcement.
Metaplanet Inc. has launched a Sponsored Level I American Depositary Receipt (ADR) program with Deutsche Bank Trust Company Americas as depositary and MUFG Bank as custodian in Japan, enabling its shares to trade in the U.S. over-the-counter market in U.S. dollars under the ticker MPJPY on a one-to-one basis with its common shares. The company frames the move as a strategic step to improve accessibility, transparency, and liquidity for U.S. and global institutional investors, aligning its capital markets strategy with international best practices while not issuing new shares or raising capital, thereby offering a more streamlined, compliant framework than the existing unsponsored MTPLF OTC structure and potentially broadening its shareholder base without diluting current investors.
The most recent analyst rating on (JP:3350) stock is a Hold with a Yen338.00 price target. To see the full list of analyst forecasts on Metaplanet KK stock, see the JP:3350 Stock Forecast page.
More about Metaplanet KK
Metaplanet Inc., listed on the Tokyo Stock Exchange Standard market, is a Japanese company whose shares are already accessible to overseas investors via over-the-counter trading in the U.S. under the symbol MTPLF. The company is increasingly targeting a growing global and particularly U.S.-based investor base, including institutional investors that prefer or require formal American Depositary Receipt (ADR) structures for regulatory and operational reasons.
Average Trading Volume: 37,997,246
Technical Sentiment Signal: Buy
Current Market Cap: Yen461.5B
See more insights into 3350 stock on TipRanks’ Stock Analysis page.