JPMorgan Chase announced that the NYSE listed American Depositary Receipt (ADR) program for Tomkins plc has gone live with JPMorgan Chase, which will act as successor ADR depositary bank to the world-class global engineering group.
JPMorgan Chase manages more than 20 blue-chip ADR program in the region.
Patrick Colle, global head of ADRs at JPMorgan, said, “The level of US investment in equity abroad is at an all time high of $2.5 trillion, and the appetite for foreign equity continues to be strong. We are excited to have been chosen as ADR depositary for Tomkins plc, and we look forward to assisting the company to further raise its profile and liquidity in the US market.”