Dual-listed company

Dual-listed companies should not be confused with cross-listed companies, where the stock of one company is listed on more than one stock exchange.

A dual-listed company or DLC is a corporate structure in which two corporations function as a single operating business through a legal equalization agreement, but retain separate legal identities and stock exchange listings. Virtually all DLCs are cross-border, and have tax advantages for the corporations and their stockholders.