Noah’s ADR program was established through a $115.92m offering, originally priced at $12 per ADR.
The ADRs are listed on the NYSE under the symbol ‘NOAH’. Each ADR represents 1/2 ordinary shares; however, as a single-listed ADR program, the underlying ordinary shares are not listed or publicly traded in the issuer’s home market.
Noah Holdings chairwoman Jingbo Wang said that the Noah’s successful listing on the NYSE is a big milestone and Noah is delighted to have Citi as its depositary bank.
Global Transaction Services, a division of Citigroup’s Institutional Clients Group, offers integrated cash management, trade, and securities and fund services to multinational corporations, financial institutions and public sector organizations around the world.
With a network that spans more than 100 countries, Citigroup’s Global Transaction Services supports over 65,000 clients.
