Citi Appointed Depositary Bank for Waterdrop Inc.’s Sponsored ADR Program
has been appointed by Waterdrop Inc. (\xe2\x80\x9cWDH\xe2\x80\x9d), a leading technology platform dedicated to insurance and healthcare service as the depositary bank for its American Depositary Receipts (ADR) program.\nWaterdrop Inc.\xe2\x80\x99s ADR program was established in connection with a $360,000,000.00 initial public offering (pre-Greenshoe) of its ADRs, priced at $12.00 per ADR.
- has been appointed by Waterdrop Inc. (\xe2\x80\x9cWDH\xe2\x80\x9d), a leading technology platform dedicated to insurance and healthcare service as the depositary bank for its American Depositary Receipts (ADR) program.\nWaterdrop Inc.\xe2\x80\x99s ADR program was established in connection with a $360,000,000.00 initial public offering (pre-Greenshoe) of its ADRs, priced at $12.00 per ADR.
- The ADRs are listed on the New York Stock Exchange under the symbol \xe2\x80\x9cWDH\xe2\x80\x9d Each ADR represents 10 Class A ordinary shares of Waterdrop Inc. As a single-listed ADR program, the underlying Class A ordinary shares are not listed or publicly traded in Waterdrop Inc.\xe2\x80\x99s home market.\n\xe2\x80\x9cCiti is committed to leveraging our global expertise and extensive knowledge of capital markets activities to provide Waterdrop Inc. and its investors with the highest quality ADR services,\xe2\x80\x9d said Dirk Jones, Global Head of Issuer Services at Citi.
- \xe2\x80\x9cWe are proud to be selected as the Depositary Bank for Waterdrop Inc.\xe2\x80\x99s ADR program.\xe2\x80\x9d\nCiti 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.\nFor more information about Citi\xe2\x80\x99s Depositary Receipt Services, please visit www.citi.com/dr .\nCiti, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions.