Citi Appointed Depositary Bank for Huize Holding Limited’s Sponsored ADS Program
February 20 2020 - 10:00AM
Business Wire
Citi’s Issuer Services, acting through Citibank, N.A., has been
appointed by Huize Holding Limited (Huize), a leading independent
online insurance product and service platform in China, as the
depositary bank for its American Depositary Receipt (ADS)
program.
Huize’s program was established in connection with an
approximately $55 million initial public offering of its ADSs
(exclusive of the over-allotment option), priced at $10.50 per ADS.
The ADSs are listed on the NASDAQ Global Market under the symbol
“HUIZ”. Each ADS represents 20 Class A ordinary shares of Huize. As
a single-listed ADS program, the underlying ordinary shares are not
listed or publicly traded in the issuer’s home market.
“Citi is committed to providing Huize and its investors with the
highest quality ADS services,” said Dirk Jones, Head of Global
Issuer Services at Citi. “Our selection as the depositary bank for
Huize’s ADS program underscores our global capabilities and
industry leading position in this space.”
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:
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version on businesswire.com: https://www.businesswire.com/news/home/20200220005045/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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