More Chinese corporates to be lured by DRs, says BNY Mellon
Next year will see increased appetite from China-based issuers to list in New York via single-listed depository receipts, says BNY Mellon. The last three months have seen 17 out of the 47 US-listed IPOs come from China-based ADRs, according to recent data.
We can expect more China-based companies to issue American depository receipts (ADR) in New York next year as their primary listing, according to Gregory Roath, head of Asia-Pacific for BNY Mellon’s depository receipts business.
Sectors that are set to lead China-based ADR issuance next year will include healthcare,
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