9
Year-End 2015 Report
| Global DR Trends
DR Follow-On Offerings
1
Source: Bloomberg and Depositary Data Interchange
DR Capital Raisings
(continued)
Issuer
Country
Industry
2
USD Value (in Millions)
Teva Pharmaceutical Industries Ltd.
Israel
Pharmaceuticals
$3,713
CTrip.com International Ltd.
China
Internet
$1,687
HDFC Bank Limited
India
Banks
$1,271
Telefonica Brasil SA*
Brazil
Telecommunications
$476
Qunar
China
Leisure Time
$310
DBV Technologies S.A.*
France
Pharmaceuticals
$282
Tata Motors Ltd.*
India
Auto Manufacturers
$230
Lenta Ltd
Russia
Retail
$225
GW Pharmaceuticals PLC*
UK
Pharmaceuticals
$206
TPK Holding Co., Ltd.*
Taiwan
Electronics
$134
Pampa Energia S.A.
Argentina
Electric
$75
Amarin Corp. plc*
UK
Biotechnology
$62
RedHill Biopharma
Israel
Pharmaceuticals
$59
Innocoll AG*
Germany
Biotechnology
$30
BioLineRX
Israel
Pharmaceuticals
$29
Genetic Technologies Limited
Australia
Biotechnology
$14
Can-Fite BioPharma
Israel
Pharmaceuticals
$9
XTL Biopharmaceuticals Ltd.
Israel
Biotechnology
$4
MOKO Social Media Limited
Australia
Telecommunications
$3
Grand Total
$8,816
1
Defined as capital raising at the time of listing additional DR securities, which also includes private placements
2
Industry as defined by Bloomberg
*Signifies Citi DR program capital raising