Trivago ADRs Resume Trading on German Stock Exchanges After Two-and-a-Half-Year Suspension

Trivago shares are tradable in its home market again: after a suspension dating back to November 2023, the company's American Depositary Receipts (ADRs) resumed trading on German stock exchanges on June 26, 2026 — restoring local-market access to the stock for German investors watching the hotel search platform.

Trivago N.V. (NASDAQ: TRVG) announced on June 29 that trading in its ADRs on the Frankfurt Stock Exchange's Open Market (Freiverkehr) resumed after Clearstream Europe AG, the central securities depository for Germany, issued the required settlement declaration.

Why trading was suspended

Trading in trivago ADRs on German exchanges had been suspended since an announcement by the Frankfurt Stock Exchange dated November 17, 2023. 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.

What changed

Clearstream has now issued the previously outstanding settlement declaration. According to trivago, the conditions for restoring trading on German stock exchanges have been satisfied, and the declaration applies to all German exchanges on which trivago ADRs are admitted for trading.

Trivago's primary listing is unaffected: its ADRs continue to trade on the Nasdaq Stock Market under the symbol "TRVG".

Context

Düsseldorf-based trivago is a global hotel search and price comparison platform connecting travelers with more than 7 million hotels and other accommodations across more than 190 countries. The restoration closes an unusual two-and-a-half-year gap during which the German company's stock could not be traded on its own domestic exchanges — a technical, rather than operational, issue, but one that mattered for local shareholders' liquidity.