American Depository Receipts vs. actual stock

good evening MPs, to buy Biontech stock, is there any significant disadavantage to buy the $22UA in Xtra(Frankfurt) in Euro instead of $BNTX in NYSE in USD? the USD one is more liquid with daily volume of more than 1M , the German one volume is 284k, I ask because I am short in USD and still have some Euro , PS. I use IBKR as broker, thanks


You should ask the question the other way round:

Is there a disadvantage in buying BNTX American Depository Receipts for Biontech, when you can buy the underlying in Europe?

ADR pass-through fees


Biontech’s Investor Relations webpage only shows the NYSE stock price curve and latest price…I don’t know why.

Also NYSE one is more liquid