Citi Appointed as Depositary Bank for NIP Group Inc.’s ADR Program
Citi Issuer Services, through Citibank, N.A., has been appointed as the depositary bank for NIP Group Inc.'s American Depositary Receipt (ADR) program. NIP, a leading Chinese esports organization, listed its American Depositary Shares (ADSs) on Nasdaq under the ticker "NIPG" on July 26, 2024. The initial public offering was priced at $9.00 per ADS, with a total offering size of $21.89 million. Each ADS represents two Class A ordinary shares of NIP. The company's global footprint spans Asia, Europe, and South America. Citi's selection as depositary bank highlights its cross-border capabilities and commitment to providing high-quality ADR services.
Citi Issuer Services, tramite Citibank, N.A., è stata nominata come banca depositaria per il programma di Ricevute di Deposito Americane (ADR) di NIP Group Inc. NIP, una delle principali organizzazioni di esports cinesi, ha quotato le sue Azioni di Deposito Americane (ADS) su Nasdaq con il ticker "NIPG" il 26 luglio 2024. L'offerta pubblica iniziale è stata fissata a $9.00 per ADS, con un totale dell'offerta di $21.89 milioni. Ogni ADS rappresenta due azioni ordinarie di Classe A di NIP. La presenza globale dell'azienda si estende attraverso Asia, Europa e Sud America. La selezione di Citi come banca depositaria sottolinea le sue capacità transfrontaliere e il suo impegno a fornire servizi ADR di alta qualità.
Citi Issuer Services, a través de Citibank, N.A., ha sido designada como banco depositario para el programa de Recibos de Depósito Americanos (ADR) de NIP Group Inc. NIP, una destacada organización de esports china, listó sus Acciones de Depósito Americanas (ADS) en Nasdaq bajo el ticker "NIPG" el 26 de julio de 2024. La oferta pública inicial se fijó en $9.00 por ADS, con un total de la oferta de $21.89 millones. Cada ADS representa dos acciones ordinarias Clase A de NIP. La huella global de la compañía abarca Asia, Europa y América del Sur. La selección de Citi como banco depositario resalta sus capacidades transfronterizas y su compromiso de proporcionar servicios ADR de alta calidad.
Citi Issuer Services는 Citibank, N.A.를 통해 예치 은행으로 NIP Group Inc.의 미국 예치증서(ADR) 프로그램에 임명되었습니다. NIP는 중국의 주요 e스포츠 조직으로, 2024년 7월 26일 Nasdaq에 "NIPG"라는 티커로 미국 예치주(ADS)를 상장했습니다. 초기 공모가는 ADS당 $9.00로 책정되었으며, 총 공모 규모는 $21.89 백만입니다. 각 ADS는 NIP의 클래스 A 보통주 2주를 나타냅니다. 회사의 글로벌 입지는 아시아, 유럽 및 남미에 걸쳐 있습니다. Citi의 예치 은행 선정은 국제 거래 능력과 고품질 ADR 서비스 제공에 대한 의지를 강조합니다.
Citi Issuer Services, par l'intermédiaire de Citibank, N.A., a été désigné comme banque dépositaire pour le programme de Receipts de Dépôt Américains (ADR) de NIP Group Inc. NIP, une organisation de jeux électroniques leader en Chine, a introduit ses Actions de Dépôt Américaines (ADS) sur Nasdaq avec le ticker "NIPG" le 26 juillet 2024. L'offre publique initiale a été fixée à 9,00 $ par ADS, pour un montant total de 21,89 millions $. Chaque ADS représente deux actions ordinaires de Classe A de NIP. La présence mondiale de l'entreprise couvre l'Asie, l'Europe et l'Amérique du Sud. Le choix de Citi comme banque dépositaire met en avant ses capacités transfrontalières et son engagement à fournir des services ADR de haute qualité.
Citi Issuer Services wurde durch Citibank, N.A. als Depotbank für das Programm der Amerikanischen Depositary Receipt (ADR) von NIP Group Inc. ernannt. NIP, eine führende chinesische eSports-Organisation, hat am 26. Juli 2024 ihre Amerikanischen Depositary Shares (ADS) an der Nasdaq unter dem Ticker "NIPG" gelistet. Der Börsengang wurde mit 9,00 $ pro ADS festgesetzt, wobei das gesamte Angebot bei 21,89 Millionen $ lag. Jede ADS repräsentiert zwei Stammaktien der Klasse A von NIP. Die globale Präsenz des Unternehmens erstreckt sich über Asien, Europa und Südamerika. Die Auswahl von Citi als Depotbank unterstreicht deren grenzüberschreitende Kompetenz und Engagement für hochwertige ADR-Dienstleistungen.
- Successful IPO on Nasdaq, raising $21.89 million
- Partnership with Citi, a leading provider of depositary receipt services
- Global expansion across Asia, Europe, and South America
- None.
NIP’s American Depositary Shares (“ADSs”) trade on the Nasdaq under the ticker “NIPG”. Each ADS represents two (2) Class A ordinary shares of NIP. The company was listed on the Nasdaq on July 26, 2024, with an initial public offering price of
Mario Ho, Chairman and Co-CEO of NIP Group, commented, “We are excited to partner with Citi on our ADR program as we enter this new chapter of our growth. The IPO represents a significant milestone for NIP and the broader esports industry.”
“Citi is committed to providing NIP and its investors with the highest quality ADR services. Our selection as depositary bank for the company’s ADR program underscores the depth and breadth of Citi’s cross-border capabilities,” said Dirk Jones, Head of Issuer Services.
With a focus on enabling the investment process and approximately
Issuer Services is a leading provider of depositary receipt services. With depositary receipt programs in 67 markets, spanning equity and fixed-income products, Issuer Services leverages Citi’s global network to provide cross-border capital market access to issuers, intermediaries, and investors. For more information about Citi’s Depositary Receipt Services, please visit www.citi.com/dr.
About Citi
Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of
i As of Q1, 2024
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Harsha Jethnani
harsha.jethnani@citi.com
+65 6657 4892
Victoria Ifan
victoria.ifan@citi.com
+1 212-816-6149
Source: Citi
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