trivago (NASDAQ: TRVG) announced that trading in its American Depositary Receipts (ADRs) on German stock exchanges resumed on June 26, 2026. Trading had been suspended after an ISIN change linked to an ADS ratio change. Clearstream has now issued the required settlement declaration, restoring ADR trading across all German venues where they are admitted. trivago ADRs continue to trade on the company’s main listing venue, the Nasdaq Stock Market, under the symbol TRVG.
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Positive
Trading in trivago ADRs restored on German stock exchanges as of June 26, 2026
Clearstream settlement declaration now applies to all German venues where ADRs are admitted
ADRs continue trading on main listing venue Nasdaq under symbol TRVG
Negative
Prior suspension of ADR trading on German stock exchanges created a period of reduced liquidity
News Market Reaction – TRVG
+4.59%
+4.59%Session close to close
In the Jun 30 session, TRVG gained 4.59%, reflecting a moderate positive market reaction.
This announcement confirms restored ADR trading on German exchanges after settlement issues were res...
Analysis
This announcement confirms restored ADR trading on German exchanges after settlement issues were resolved. It removes a market-structure overhang, complements prior growth-focused updates, and leaves low short interest and recent insider selling as key risk factors to monitor.
Delivered strong Q4 and full-year 2025 revenue growth with solid EBITDA.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Pattern Detected
TRVG has generally reacted positively to operational and earnings news, with only one recent divergence on leadership-related updates.
Key Terms
american depositary receipts, adr, isin, central securities depository
4 terms
american depositary receiptsfinancial
"trivago N.V. (NASDAQ: TRVG) announced today that trading in its American Depositary Receipts (the “ADRs”) on the Frankfurter"
A certificate traded on U.S. markets that represents ownership of shares in a foreign company, letting U.S. investors buy and sell that company as if it were listed domestically. Think of it as a local voucher for a foreign product: it makes price quotes in dollars, trades on familiar exchanges, and brings differences in liquidity, fees and legal protections that can affect returns and risk compared with buying the underlying foreign shares directly.
adrfinancial
"trivago ADRs continue to be traded on the Company’s main listing venue, the Nasdaq Stock Market, under the symbol “TRVG.”"
An American Depositary Receipt (ADR) is a financial certificate that lets investors buy shares of a foreign company through U.S. stock markets, similar to buying a local wrapper that represents the underlying foreign shares. ADRs matter because they make investing in overseas companies easier and more liquid by trading in U.S. dollars and under U.S. market rules, while still carrying currency, regulatory, and country-specific risks that can affect share value.
"not to issue a new settlement declaration in connection with the ISIN change associated with the ratio change under the Company's ADS program."
A 12-character International Securities Identification Number (ISIN) is a unique code that acts like a passport for a specific stock, bond or other tradable security so it can be identified worldwide. Investors and systems use it to ensure they are buying, selling and tracking the exact same instrument across exchanges and data feeds, which prevents costly mix-ups and makes portfolio reporting, settlement and regulatory checks simpler and more reliable.
"Clearstream Europe AG (“Clearstream”), the central securities depository for Germany."
A central securities depository (CSD) is a specialized institution that holds and records ownership of stocks, bonds and other financial instruments electronically, acting like a secure digital vault and official ledger. It matters to investors because the CSD makes buying and selling faster and safer by ensuring ownership transfers are accurately recorded and settled, reducing the risk of lost certificates, settlement mistakes and unnecessary costs—similar to how a bank safeguards and tracks your cash.
DÜSSELDORF, GERMANY – June 29, 2026 - trivago N.V. (NASDAQ: TRVG) announced today that trading in its American Depositary Receipts (the “ADRs”) on the Frankfurter Wertpapierbörse, Freiverkehr (Frankfurt Stock Exchange's Open Market) resumed on June 26, 2026, following the issuance of the required settlement declaration by Clearstream Europe AG (“Clearstream”), the central securities depository for Germany. Trading in trivago ADRs on German stock exchanges had been suspended in accordance with the announcement of the Frankfurter Wertpapierbörse (Frankfurt Stock Exchange) dated November 17, 2023, regarding the suspension of price quotation in the Freiverkehr (Open Market). The suspension followed Clearstream's decision not to issue a new settlement declaration in connection with the ISIN change associated with the ratio change under the Company's ADS program.
Clearstream has now issued the previously outstanding settlement declaration. Accordingly, the conditions for the restoration of trading in trivago ADRs on German stock exchanges have been satisfied. The settlement declaration issued by Clearstream applies to all German stock exchanges on which trivago ADRs are admitted for trading. trivago ADRs continue to be traded on the Company’s main listing venue, the Nasdaq Stock Market, under the symbol “TRVG.”
About trivago N.V.
trivago N.V. (NASDAQ: TRVG) is a leading global hotel search and price comparison platform, and one of the most recognized travel brands in the world. When travelers search for a hotel, we want trivago to be the obvious choice. We help them find the best place to stay and deliver the best deal to book, saving them time and money — so every traveler feels smart and confident about their booking. Powered by AI, we personalize and simplify hotel search for millions of travelers, connecting them with more than 7.0 million hotels and other accommodations across more than 190 countries.
When did trading in trivago (NASDAQ: TRVG) ADRs resume on German stock exchanges?
Trading in trivago ADRs on German stock exchanges resumed on June 26, 2026. According to trivago, this followed Clearstream’s issuance of the required settlement declaration linked to the ISIN change associated with the company’s ADS program ratio change.
Why was trading in trivago (TRVG) ADRs on German exchanges previously suspended?
Trading was suspended after Clearstream decided not to issue a new settlement declaration related to an ISIN change. According to trivago, this ISIN change was associated with a ratio change under the company’s ADS program on German stock exchanges.
What role did Clearstream play in restoring trivago (TRVG) ADR trading in Germany?
Clearstream issued the outstanding settlement declaration required to restore trading in trivago ADRs. According to trivago, this declaration satisfies the conditions for resuming ADR trading on all German stock exchanges where trivago ADRs are admitted.
On which markets are trivago (TRVG) ADRs currently traded after June 2026?
trivago ADRs continue to trade on the Nasdaq Stock Market under the symbol TRVG and have resumed trading on German stock exchanges. According to trivago, the Clearstream declaration applies to all German venues where its ADRs are admitted.
How does the restored ADR trading in Germany affect trivago (TRVG) investors?
The restoration allows investors to trade trivago ADRs again on German stock exchanges. According to trivago, the required settlement declaration has been issued, meaning trading conditions are satisfied across all German venues where the ADRs are admitted.
What was the connection between trivago’s ADS ratio change and the German ADR trading suspension?
The suspension followed Clearstream’s decision not to issue a new settlement declaration tied to an ISIN change. According to trivago, this ISIN change was associated with a ratio change under the company’s ADS program impacting ADR settlement in Germany.
