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Issuer
Country
Industry
3
USD Value
(in Millions)
ZTO Express
(Cayman) Inc
China
Transportation
$1,406
Line Corporation
Japan
Internet
$895
Grupo Supervielle SA
Argentina
Banks
$302
Trivago NV
Netherlands
Internet
$287
GDS Holdings Ltd
China
Telecommunications
$193
BeiGene, Ltd*
China
Pharmaceuticals
$182
Hutchison China MediTech
Limited
Hong Kong
Pharmaceuticals
$110
Talend SA
France
Software
$109
Yintech Investment Holdings Ltd
China
Diversified Finan Serv
$101
Gridsum Holding, Inc*
China
Software
$100
China Online
Education Group
China
Commercial Services
$52
TiGenix NV
Belgium
Biotechnology
$36
OMV Petrom SA*
Romania
Oil & Gas
$23
Motif Bio plc
UK
Pharmaceuticals
$17
Cellect Biotechnology Ltd
Israel
Biotechnology
$8
Grand Total
$3,821
*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.
2
Data as of December 31, 2016.
3
Industry as defined by Bloomberg.
DR IPOs
1,2
Global DR Capital Raisings (cont.)
Source: Bloomberg and Depositary Data Interchange.
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