POSCO’s DRs trade on the New York Stock Exchange, the London Stock Exchange, and Tokyo Stock Exchange, and its ordinary shares trade on the Korea Stock Exchange. Four POSCO ADRs represent one ordinary share.
Citi securities and fund services client sales management global head Dirk Jones said, "Citi’s investor relations expertise and unparalleled global presence will deliver the resources required to enable the success of POSCO’s ADR program."
The financial organization provides depositary receipt services in 55 markets, using its global network to assist firms connect to new markets and to shore up capital globally.
Citi’s Securities and Fund Services delivers an array of investment administration, portfolio and fund services, trust and custody and investment and financing services to assist its clients meet the challenges of issuing, managing and distributing financial products and services.
As of the second quarter of 2013, Securities and Fund Services held $13.4 trillion in assets under custody and administration.
Operating in over 160 nations and regions and managing some 200 million customer accounts, Citi offers consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management services.
