Citi Appointed Depositary Bank for Jiayin Group Inc.’s Sponsored ADR Program
NEW YORK--(BUSINESS WIRE)--May 15, 2019--
Citi’s Issuer Services business, acting through Citibank, N.A. has been appointed by Jiayin Group Inc. (“Jiayin”), a Cayman Islands exempted company with operations in China, as the depositary bank for its American Depositary Shares (ADR) program.
Jiayin’s ADR program was established in connection with a US$42,262,500 initial public offering of its ADRs (with full exercise by the underwriters of their over-allotment option), priced at US$10.50 per ADR. The ADRs are listed on the Nasdaq Stock Market under the symbol “JFIN.” Each ADR represents four Class A ordinary shares of Jiayin. As a single-listed ADR program, the underlying Class A ordinary shares are not listed or publicly traded in Jiayin’s home market.
“We look forward to providing Jiayin 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 Jiayin’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, 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.
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SOURCE: Citigroup Inc.
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PUB: 05/15/2019 11:00 AM/DISC: 05/15/2019 11:01 AM