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Issuer

Country

Industry

2

USD Value

(in Millions)

GlobalWafers Co., Ltd.*

Taiwan

Semiconductors

$469

Azul S.A.*

Brazil

Airlines

$421

General Interface Solution (GIS)

Holding Limited*

Taiwan

Telecommunications

$207

Bright Scholar

China

Commercial Services

$181

argenx

Netherlands

Pharmaceuticals

$115

Verona Pharma plc*

UK

Pharmaceuticals

$88

China Rapid Finance Limited*

China

Internet Software/

Services

$69

Therapix Biosciences

Israel

Biotechnology

$14

Immuron Limited

Australia

Biotechnology

$6

Grand Total

$1,570

*Signifies Citi DR program capital raising.

IPO Deals in

bold italics

signify a JOBS Act Deal.

1

Defined as capital raising at the time of listing of a new DR security, data as of June 30, 2017.

2

Industry as defined by Bloomberg.

DR IPOs

1

Global DR Capital Raisings (cont.)

Source: Bloomberg and Depositary Data Interchange.

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