Sectors

Asia tipped to dominate depositary receipt industry

Date: 13 Jan 2010

Asian issuers of depositary receipts made up the majority of deals globally last year, a report finds. The region is tipped to continue dominating this year as investors seek to tap into its rebound from the financial crisis.

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Aaron Pan
Asian issuers are tipped to continue dominating the depositary receipt industry globally this year as the region maintains its rebound from the downturn.

A depositary receipt (DR) is a certificate issued by a bank in the domestic market of an investor which represents shares bought in a foreign firm and deposited in that bank. The receipt can be publicly traded either over-the-counter or via the stock exchange.

Of 63 DR capital-raisings completed last year, no fewer than 40 – or 63%...

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