ADR vs. Common Stock Question

[soxboys21]

I have a question in regards to two stocks: ITUB and MT.
ITUB is out of Brazil and in the US is listed as a “Common Stock”
MT is out of Luxembourg and in the US is listed as an “ADR”
I understand how an ADR works; however, why is one listed as a Common Stock vs. ADR?
Does the company come straight to the US and list their shares, hence, a common stock and then does the company go through a bank and list their shares, hence, an ADR?

 

[Zokeseh]

You’re mistaken. ITUB is listed on Sao Paulo exchange in Brazil and on the NYSE as an ADR.
http://www.adr.com/Profiles/Profile.aspx?L1=Profile&Ticker=itub&Cusip=&S...

 

[soxboys21]

Well, then Reuters, Yahoo! Finance, AND Bloomberg all have it wrong–they only list it as a common stock, not ADR…

 

[Zokeseh]

Well they just didn’t make the distinction. It’s always a crap shoot with Reuters and Yahoo Finance getting good info (Yahoo Finance is only good for historical prices IMO); I’m surprised Bloomberg doesn’t distinguish between ADR and non-DR. Use google finance, it list ITUB as an ADR.