Citi Appointed as Depositary Bank for I-Mab’s Sponsored ADR Program
January 29 2020 - 10:00AM
Business Wire
Citi’s Issuer Services, acting through Citibank, N.A., has been
appointed as the depositary bank by I-Mab for its American
Depositary Receipt (ADR) program. I-Mab is a clinical-stage
biopharmaceutical company committed to the discovery, development
and commercialization of novel or highly differentiated biologics
to treat diseases with significant unmet medical needs,
particularly cancers and autoimmune disorders.
I-Mab’s program was established in connection with a
$103,703,600 initial public offering of its ADRs (exclusive of the
over-allotment option), priced at $14.00 per ADR. The ADRs are
listed on the Nasdaq Global Market under the symbol “IMAB.” Each 10
ADRs represent 23 ordinary shares of I-Mab.
“Citi is proud to be selected as depositary bank for I-Mab’s ADR
program,” said Dirk Jones, Head of Global Issuer Services at Citi.
“Citi is committed to providing I-Mab and its investors with the
highest quality ADR services.”
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.
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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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version on businesswire.com: https://www.businesswire.com/news/home/20200129005132/en/
Media: Sophia Anthony Citi Global Public Affairs Banking,
Capital Markets & Advisory Communications +1 (212) 816-7140
sophia.anthony@citi.com
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