Tag: adr

Equities

The online discount retailer falls 15.4% in its US trading debut after pricing its IPO below the original range to raise $72.7 million.

By Anette Jönsson | 26 March 2012

Cash

Mandates and payments roundup, November 15

BoA Merrill upgrades its online treasury management portal with new applications, while Western Union completes its acquisition of Travelex global business payments.

By Jonathan Wong | 15 November 2011

Equities

Capital raising through DRs will continue to grow, J.P. Morgan says

China and India will continue to dominate DR issuance from Asia, but issuers from new markets like Vietnam and Mongolia are also likely to emerge, the bank says in a report.

By Anette Jönsson | 23 February 2011

Equities

Pipeline suggests another busy year for Chinese IPOs in the US

Bank of New York Mellon's head of Asia-Pacific DRs says the bank is in talks with some 15 US listing candidates. He also expects innovative Asian products like HDRs, IDRs and ...

By Anette Jönsson | 8 February 2011

Co-published

Going global -- choices for Chinese companies

Moderated by FinanceAsia's Anette Jönsson and Ivan Peill of J.P. Morgan's ADR issuer advisory services, the following roundtable takes a look at reasons why Chinese ...

By FinanceAsia Editors | 21 December 2010

Macro & Markets

BNY Mellon launches China ADR index

The index tracks 30 Chinese companies that have primary listings through depositary receipts in the US.

By Anette Jönsson | 15 November 2010

Cash

Payment news, July 13

Chinese companies select Deutsche Bank and BNY Mellon as their depository bank, while HSBC launches new renminbi internet services.

By Jonathan Wong | 13 July 2010

Equities

Trina Solar and Techtronic raise a combined $207 million

Both deals are upsized, suggesting investors are still hungry for new shares.

By Daniel Inman | 30 July 2009

Equities

Unsponsored DRs multiply with newfound ease

An SEC rule change has created hundreds of new products for US investors to choose from, but not everyone is happy about being involved.

By Anette Jönsson | 2 June 2009

Equities

DRs add value and liquidity, study shows

Study finds that depository receipt programmes on average add over 10% of shareholder value in the first year. The improvement is higher for Chinese companies which add 40% of ...

By Anette Jönsson | 11 February 2009

Equities

DR trading turnover at record highs

Fresh data from Bank of New York Mellon show DR trading turnover increased by 85% in the first half of this year, despite thin issuance volumes.

By Anette Jönsson | 17 July 2008

Equities

HDFC Bank prices ADR at a tight 0.2% discount

The Indian bank attracts strong demand for the follow-on offering, but the ADR price falls in the aftermarket after gaining 6.9% during the roadshow.

By Anette Jönsson | 19 July 2007

Equities

ICICI Bank executes India's largest ever equity deal

The domestic portion of the $4.3 billion placement is priced at a 1.4% discount to the latest close, while the ADR offering comes at a 0.8% discount.

By Anette Jönsson | 25 June 2007

Equities

Sterlite prices upsized ADS offering at par

The Indian metals producer raises $1.75 billion from the sale, which is expected to remove a long-term overhang on its share price.

By Anette Jönsson | 20 June 2007

Equities

TSMC prices ADR sale at zero discount

At $2.56 billion, the sell-down by Philips is on par with the largest ever equity deal from Taiwan.

By Anette Jönsson | 21 May 2007

Equities

TSMC offers 4.65% of its shares through ADRs

The offering, which is part of Philips' planned exit from the contract chip-maker, could raise up to $2.5 billion based on current market prices.

By Anette Jönsson | 10 May 2007

Equities

Infosys prices $1.6 billion sponsored ADR at 3.2% discount

Management hopes that an increase in the liquidity of its US-listed shares will lead to index inclusion.

By Anette Jönsson | 22 November 2006

Equities

Chunghwa Telecom prices at zero discount

The government and Taiwan Mobile sell a combined 5.96% stake to international investors for $958.8 million.

By Anette Jönsson | 3 October 2006

Equities

Goldman Sachs, Morgan Stanley and UBS mandated for Chunghwa Telecom

Chunghwa's circa $1 billion deal expected before the end of this month. Far EasTone shareholder paves the way with $82 million post-dividend sell-down.

By Anette Jönsson | 19 September 2006

Equities

AUO brings ADR

Taiwanese panel producer jumps into equity market ahead of Korean rival LG Philips LCD.

By Jackie Horne | 19 July 2005

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