Citi Appointed Depositary Bank for Waterdrop Inc.’s Sponsored ADR Program
May 17 2021 - 12:24PM
Business Wire
Citi’s Issuer Services business, acting through Citibank, N.A.
has been appointed by Waterdrop Inc. (“WDH”), a leading technology
platform dedicated to insurance and healthcare service as the
depositary bank for its American Depositary Receipts (ADR)
program.
Waterdrop Inc.’s ADR program was established in connection with
a $360,000,000.00 initial public offering (pre-Greenshoe) of its
ADRs, priced at $12.00 per ADR. The ADRs are listed on the New York
Stock Exchange under the symbol “WDH” Each ADR represents 10 Class
A ordinary shares of Waterdrop Inc. As a single-listed ADR program,
the underlying Class A ordinary shares are not listed or publicly
traded in Waterdrop Inc.’s home market.
“Citi is committed to leveraging our global expertise and
extensive knowledge of capital markets activities to provide
Waterdrop Inc. and its investors with the highest quality ADR
services,” said Dirk Jones, Global Head of Issuer Services at Citi.
“We are proud to be selected as the Depositary Bank for Waterdrop
Inc.’s ADR program.”
Citi is a leading provider of depositary receipt services. With
depositary receipt programs in 67 markets, spanning equity and
fixed-income products, Citi leverages its global network to provide
cross-border capital market access to issuers, intermediaries and
investors.
For more information about Citi’s Depositary Receipt Services,
please visit www.citi.com/dr.
Citi
Citi, the leading global bank, has approximately 200 million
customer accounts and does business in more than 160 countries and
jurisdictions. Citi provides consumers, corporations, governments
and institutions with a broad range of financial products and
services, including consumer banking and credit, corporate and
investment banking, securities brokerage, transaction services, and
wealth management.
Additional information may be found at www.citigroup.com |
Twitter: @Citi | YouTube: www.youtube.com/citi | Blog:
http://blog.citigroup.com | Facebook: www.facebook.com/citi |
LinkedIn: www.linkedin.com/company/citi
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version on businesswire.com: https://www.businesswire.com/news/home/20210517005748/en/
Media Contact: Sophia Anthony Citi Global Public Affairs
Banking, Capital Markets & Advisory Communications +1 (212)
816-7140 sophia.anthony@citi.com
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