Fund That Bet on Samsung Pushes for ADRs to Boost Valuation

A fund manager that has made Samsung Electronics Co. its biggest bet wants the South Korean company to list its shares in the US, a move it says would raise the chipmaker’s valuation.

Artisan Partners, which had a 0.7% stake in Samsung at the end of last year, is urging the company to float American Depositary Receipts after SK Hynix Inc. this week said that it has filed to list its own ADRs. Samsung should follow the example of its smaller rival, Artisan Managing Director David Samra said.