A depositary receipt (“DR”) is a negotiable certificate issued by a depositary bank representing a specific number of shares in the stock of a non-U.S. company. DRs are an alternative way for investors to purchase stock in non-US companies. Issuers also benefit from DRs, as this product makes it easier to access international markets. During this webinar, Citigroup and Mayer Brown will cover:
- Why issuers choose DRs and the benefits to issuers and investors
- Types of DR programs;
- Documenting a DR program;
- US IPOs of DRs;
- Trends (what types of companies are active DR issuers, industries, countries, etc.); and
- New product developments: Global Depositary Notes (“GDNs”), Shanghai-London Stock Connect.
CLE is not available when viewing a recording of this program. In order to receive credit you must have attended the live webinar program.