depository-receipts-business-posts-strong-first-half

Depository receipts business posts strong first half

Citigroup report signals strong DR issuance and capital raised in first half, with Asian activity driving the market.
Globally, the depository receipt DR universe is firing on all cylinders according to half-year results published by Citigroup, which point to a sizable upswing in both capital raised and issuance. Both indictors of success are being driven by activity in the Asia-Pacific region, which is again far outpacing other markets.

Led by the $3 billion IPO of South KoreaÆs Lotte Shopping in the form of global depository receipts, capital raised for depository receipts DRs has totalled $11.8 billion for the first half of the year. This mid-year number marks a 7% increase on the corresponding period in 2005 and is the second largest total of half-year capital raised since 2000, when $17.1 billion was raised...
¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222