Cross listing of one company on multiple exchanges should not be confused with dual listed companies, where two distinct companies - with separate stocks listed on different exchanges - function as one company.

Cross listing of shares is when a firm lists its equity shares on one or more foreign stock exchange in addition to its domestic exchange. This concept is distinctly different than examples such as: American Depositary Receipt (ADR), European Depositary Receipt (EDR), International Depository Receipt (IDR) and Global Registered Shares (GRS).