NEW YORK–(BUSINESS WIRE)–Citi’s Issuer Services business, acting through Citibank, N.A. has been
appointed by Jiayin Group Inc. (“Jiayin”), a Cayman Islands exempted
company with operations in China, as the depositary bank for its
American Depositary Shares (ADR) program.
Jiayin’s ADR program was established in connection with a US$42,262,500
initial public offering of its ADRs (with full exercise by the
underwriters of their over-allotment option), priced at US$10.50 per
ADR. The ADRs are listed on the Nasdaq Stock Market under the symbol
“JFIN.” Each ADR represents four Class A ordinary shares of Jiayin. As a
single-listed ADR program, the underlying Class A ordinary shares are
not listed or publicly traded in Jiayin’s home market.
“We look forward to providing Jiayin and its investors with the highest
quality ADR services,” said Dirk Jones, Head of Global Issuer Services
at Citi. “We are proud to be selected as the depositary bank for
Jiayin’s ADR program.”
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
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Contacts
Media:
Sophia Anthony
Citi Global Public Affairs
Banking,
Capital Markets & Advisory Communications
+1 (212) 816-7140
[email protected]
