Citi Appointed Depositary Bank for 9F Inc.’s ADR Program
August 21 2019 - 10:01AM
Business Wire
Citi’s Issuer Services business, acting through Citibank, N.A.
has been appointed by 9F Inc. (“9F”), an exempted company
incorporated in Cayman Islands with principal operations in
mainland China, as the depositary bank for its American Depositary
Receipts (ADR) program.
9F’s ADR program was established in connection with 9F’s initial
public offering of 8,900,000 American Depositary Shares ("ADSs")
(6,750,000 ADSs are offered by 9F and 2,150,000 ADSs are offered by
the selling shareholder), each representing one Class A ordinary
Share, at a price of US$9.5 per share for a total offering size of
approximately US$84.55 million, assuming the underwriters do not
exercise their over-allotment option to purchase additional ADSs.
The ADSs have been approved for listing on the Nasdaq Global Market
under the symbol “JFU.”
“Citi is committed to being the best for our clients. We look
forward to providing 9F and its investors with the highest quality
ADR services,” said Dirk Jones, Head of Global Issuer Services at
Citi. “We are proud to be selected as the Depositary Bank for 9F’s
ADR program.”
Citi is a leading provider of depositary receipt services. With
depositary receipt programs in 61 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:
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LinkedIn: www.linkedin.com/company/citi
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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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