Citi Appointed as Depositary Bank for Vicore Pharma's ADR Program
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
Source: Newsfilter
- Depositary Bank Appointment: Citi Issuer Services, through Citibank N.A., has been appointed by Vicore Pharma to act as the Depositary Bank for its sponsored Level 2 American Depositary Receipt (ADR) program, indicating Vicore Pharma's advancement in capital markets.
- Trading Information: Vicore Pharma's ADRs trade on the Nasdaq Capital Market under the symbol "VCRE", with each ADR representing ten ordinary shares, showcasing its potential for international financing.
- Service Commitment: Dirk Jones, Head of Issuer Services at Citi, emphasized the bank's commitment to providing high-quality services to Vicore Pharma through industry-leading ADR solutions, leveraging deep capital markets expertise and a global network to facilitate access to global capital markets.
- Global Network Advantage: Citi offers depositary receipt services in over 65 markets, and its extensive global network enables it to provide cross-border capital market access to issuers, intermediaries, and investors, thereby enhancing Vicore Pharma's competitive position in the market.
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Analyst Views on C
Wall Street analysts forecast C stock price to fall
18 Analyst Rating
15 Buy
3 Hold
0 Sell
Strong Buy
Current: 143.860
Low
87.00
Averages
131.00
High
150.00
Current: 143.860
Low
87.00
Averages
131.00
High
150.00
About C
Citigroup Inc. is a global diversified financial services holding company. The Company’s segments include Services, Markets, Banking, Wealth and U.S. Personal Banking (USPB). The Services segment includes Treasury and Trade Solutions (TTS) and securities services. TTS provides an integrated suite of tailored cash management, trade and working capital solutions to multinational corporations, financial institutions and public sector organizations. The Markets segment provides corporate, institutional and public sector clients around the world with a full range of sales and trading services across equities, foreign exchange, rates, spread products and commodities. The Banking segment includes investment banking, which supports client capital-raising needs to help strengthen and grow their businesses. The Wealth segment includes Private Bank, Wealth at Work and Citigold and provides financial services to a range of client segments. USPB segment includes branded cards and retail services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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