Citi’s Issuer Services, acting through Citibank, N.A., has been appointed by AnPac Bio-Medical Science Co., Ltd. (“Anpac Bio”) as the depositary bank for its American Depositary Receipt (ADR) program. Anpac Bio is a leading biotechnology company with operations in China and the United States focused on early cancer screening and detection.
Anpac Bio’s program was established in connection with an approximately $16 million initial public offering of its ADRs (exclusive of the over-allotment option), priced at $12.00 per ADR. The ADRs are listed on the NASDAQ Global Market under the symbol “ANPC”. Each ADR represents one Class A ordinary share of Anpac Bio. As a single-listed ADR program, the underlying ordinary shares are not listed or publicly traded in the issuer’s home market.
“Citi’s selection as depositary bank for Anpac Bio’s ADR program underscores the depth and breadth of our cross-border capabilities,” said Dirk Jones, Head of Global Issuer Services at Citi. “Citi is committed to providing Anpac Bio 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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