Deutsche Bank Depositary Receipts 2017 in Review
A comprehensive overview of the Depositary Receipts market in 2017, including industry trends, key milestones and interviews with clients plus Deutsche Bank’s Head of ESG Research
2017 was a marked by a resurgence in IPO activity with total DR capital raised reaching $15.8 billion, up 91% from 2016. The Asia-Pacific region led activity, accounting for almost half of the total. With major global equity markets hitting long-term highs during the year, the outlook for depositary receipts appears to be positive.
The DR product again proved to be an effective structure to raise capital with. The use of DRs in overseas listings continued to feature in the market together with a healthy demand for DR programmes traded on the US over-the-counter market.
The publication features client interviews with Micro Focus (UK) and JD.com (China). Additional insights are also provided by Deutsche Bank’s Head of ESG Research.
About Deutsche Bank
Deutsche Bank provides commercial and investment banking, retail banking, transaction banking and asset and wealth management products and services to corporations, governments, institutional investors, small and medium-sized businesses, and private individuals. Deutsche Bank is Germany’s leading bank, with a strong position in Europe and a significant presence in the Americas and Asia Pacific.
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Published 16 March, 2018