US Investors Pay Biggest Premium for TSMC Shares in Two Months
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Taiwan Semiconductor Manufacturing Co’s US-listed shares cost almost 25% more than those in its domestic market at the end of last week, a sign that global investors are still willing to pay up for stocks that can benefit from the AI boom.
The chipmaker’s American depositary receipts have long traded at a premium to its Taipei-listed equities, due to a mix of easier access for foreign investors and inclusion in popular indexes. But the 24.6% premium at Friday’s close was the highest since Oct 17 and well above the daily average of 19% for this quarter, according to data compiled by Bloomberg.