Citi Appointed Depositary Bank for Zai Lab Limited’s Sponsored ADR Program
Citi’s Issuer Services business, acting through Citibank, N.A., has been appointed by Zai Lab Limited (“Zai Lab”), a Cayman
Islands exempted company with limited liability and operations in China, as the depositary bank for its American Depositary Shares
(ADS) program.
Zai Lab’s program was established in connection with a $172.5 million initial public offering of its ADSs (inclusive of the
fully exercised over-allotment option), priced at $18.00 per ADS. The ADSs are listed on the Nasdaq Stock Market under the symbol
“ZLAB.” Each ADS represents one ordinary share of Zai Lab. As a single-listed ADS program, the underlying ordinary shares are not
listed or publicly traded in the issuer’s home market.
“Citi is proud to be selected as depositary bank for Zai Lab’s ADS program,” said Dirk Jones, Head of Global Issuer Services at
Citi. “Citi is committed to providing Zai Lab 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.
Citi
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and
jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and
services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and
wealth management.
Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: http://blog.citigroup.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi
Media:
Citi
Robert Julavits, 212-816-8020
robert.w.julavits@citi.com
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