Deutsche Bank has been appointed as depositary bank for the capital raising sponsored Level III American Depositary Receipt (ADR) program of Chinese online retailer JD.com.
The ADR shares are listed on NASDAQ under the symbol “JD”. The IPO raised $1.78 billion. The offering included over 93 million ADR shares, with each representing two Class A ordinary shares of the company.
“We are delighted to be JD.com’s depositary bank of choice and welcome the company to our established franchise of Chinese ADR issuers. We look forward to providing JD.com with the highest level of customized ADR services to optimize the visibility of its ADR program and broaden its investor base,” says Jose Sicilia, global head of Global Equity Services at Deutsche Bank.
Chinese Website Appoints Deutsche Bank for $1.78 Billion ADR Program
Deutsche Bank has been appointed as depositary bank for the capital raising sponsored Level III American Depositary Receipt (ADR) program of Chinese online retailer JD.com.