Citibank Depositary Receipt Services: The Quality Provider
Citibank began offering American Depositary Receipts in 1928 and today is the industry leader, bringing quality issuers to market and promoting ADRs as an effective capital markets tool.
Citibank is the ADR market leader in terms of high liquidity programs and service quality. This is evidenced by our ability to acquire, develop and retain the most successful new and "successor depositary" programs over any competitor.
Market Leadership in Liquidity (2000 figures)Evidenced by higher trading volume and value overall and on a per program basis for listed Citibank ADR programs
- 45% of trading volume of exchange listed ADRs
- 43% of US$ trading value of exchange listed ADRs
- 127 million shares traded per exchange listed program on average. This is 3X the volume of our nearest competitor (JPM).
- $4.7 billion trading value per exchange listed program on average. Over 2X value of our nearest competitor (JPM).
Evidenced by 2000 figures for listed "successor" programs acquired 1977-2000
- 95.2 million shares traded per listed "successor" program in 2000. This is 25% greater than our nearest competitor (JPM).
- $4.5 billion trading value per listed "successor" program in 2000. This is nearly 2X value of our nearest competitor (JPM).
Client Program Highlights in 2000/2001
- Nokia Corporation, Finland - trading value projected $174 billion
- LM Ericsson Telephone Co., Sweden - trading value projected $113 billion
- Petroleo Brasileiro (Petrobras), Brazil - $2.1 billion privatization
- United Microelectronics Corporation, Taiwan - $1.3 billion offering
- Deutsche Telekom, Germany - Global Retail Offering
- PCCW, Hong Kong - ADR IPO following acquisition of HKT
- Sinopec, Hong Kong - IPO for one of China's largest petroleum companies
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Copyright © 2001 Citigroup