Personal Finance & Money Asked by MarcusAerlius on August 23, 2021
We know that many firms are listed on different stock exchanges.
According to ArcelorMittal’s website:
ArcelorMittal is listed on the stock exchanges of New York (MT), Amsterdam (MT), Paris (MT), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS).
When I look the company up in a financial website, such as MarketWatch, it reports a market cap of $12.23B for the company as of today. What does this market cap number represent? Is it the value of all the stocks listed on all of the exchanges, or is it just the value of shares listed on the New York Stock Exchange? Apologies for my amateurishness!
The market capitalization (market cap) of a company is calculated as the total shares outstanding multiplied by the price.
It doesn't matter where the stock is listed: it could be one exchange, multiple exchanges (as in your example) or no exchange at all for small/micro cap stocks that only trade OTC.
You should be able to find the total number of shares outstanding in the financial disclosure documents of the company.
Answered by 0xFEE1DEAD on August 23, 2021
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