STOCK TITAN

Deutsche Bank Appointed as Depositary Bank for the Sponsored American Depositary Receipt Program of iHuman Inc.

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Deutsche Bank has been appointed as the depositary bank for iHuman Inc.'s NYSE-listed Level III American Depositary Receipt program, effective October 8, 2020. iHuman Inc. specializes in childhood edutainment in China, offering interactive learning apps and smart devices targeting children aged three to eight. Daniel Clark, Global Head of Depositary Receipts at Deutsche Bank, expressed enthusiasm about supporting the program's future success.

Positive
  • Appointment as depositary bank for iHuman's ADR program may enhance market visibility.
  • Opportunity to provide dedicated client service and support to drive ADR program's success.
Negative
  • None.

NEW YORK--()--Deutsche Bank announced today its appointment as depositary bank for the NYSE-listed American Depositary Receipt program of iHuman Inc.

iHuman Inc. (NYSE: IH) is a childhood edutainment company in China, with expertise in providing integrated products and services catering to the education demands for children mainly aged between three and eight. iHuman's line-up of edutainment products and services include interactive and self-directed learning apps, as well as learning materials and smart learning devices.*

“We are very pleased to be appointed as depositary bank for iHuman’s NYSE-listed Level III American Depositary Receipt program,” said Daniel Clark, Global Head of Depositary Receipts at Deutsche Bank. “We look forward to providing dedicated client service and investor relations support to help drive the program’s future success.”

In addition to specializing in administering cross-border equity structures such as New York Shares and American and Global Depositary Receipts, Deutsche Bank provides corporates, financial institutions, hedge funds and supranational agencies around the world with trustee, agency, escrow and related services. Deutsche Bank offers a very broad range of services for diverse products, from complex securitizations and project finance to syndicated loans, debt exchanges and restructurings.

* This information was provided by iHuman Inc. (October 2020).

Depositary Receipt Information

Country

China (Cayman Islands incorporated)

Custodian Bank

Deutsche Bank AG, Hong Kong Branch

Effective Date

October 8, 2020

 

 

Level III ADR

 

CUSIP

45175B 109

ISIN

US45175B1098

Symbol

IH

Exchange

NYSE

Current Ratio

1 ADS: 5 Class A Ordinary Shares

Eligibility

DTC

Depositary Receipt Contacts

Head of Depositary Receipts

New Business Development

Daniel Clark

William Ng

Tel: +1 212 250 3547

Tel: +852 2203 7889

 

 

www.adr.db.com

Markets Distribution

adr@db.com

London

 

Tel: +44 (0) 20 7547 6500

gtb.db.com

New York

 

Tel: +1 212 250 9100

 

Hong Kong

 

Tel: +852 2203 7854

Deutsche Bank provides commercial and investment banking, retail banking, transaction banking and asset and wealth management products and services to corporations, governments, institutional investors, small and medium-sized businesses, and private individuals. Deutsche Bank is Germany’s leading bank, with a strong position in Europe and a significant presence in the Americas and Asia Pacific.

The Depositary Receipts have been registered pursuant to the US Securities Act of 1933 (the "Act"). The investment or investment service which is the subject of this notice is not available to retail clients as defined by the UK Financial Conduct Authority. This notice has been approved and/or communicated by Deutsche Bank AG New York. The services described in this notice are provided by Deutsche Bank Trust Company Americas (Deutsche Bank) or by its subsidiaries and/or affiliates in accordance with appropriate local registration and regulation. Deutsche Bank is providing the attached notice strictly for information purposes and makes no claims or statement, nor does it warrant or in any way represent, as to the accuracy or completeness of the details contained herein or therein. This announcement appears as a matter of record only. Neither this announcement nor the information contained herein constitutes an offer or solicitation by Deutsche Bank or any other issuer or entity for the purchase or sale of any securities nor does it constitute a solicitation to any person in any jurisdiction where solicitation would be unlawful. No part of this notice may be copied or reproduced in any way without the prior written consent of Deutsche Bank. Past results are not an indication of future performance. Copyright© October 2020 Deutsche Bank AG. All rights reserved.

Contacts

Deutsche Bank AG
Press & Media Relations

Maryanne Caruso
Phone: +1 212 250-2186
E-Mail: Maryanne.caruso@db.com

FAQ

What is Deutsche Bank's role for iHuman Inc.?

Deutsche Bank has been appointed as the depositary bank for iHuman Inc.'s NYSE-listed Level III American Depositary Receipt program.

When did Deutsche Bank start its role as depositary bank for iHuman?

Deutsche Bank's role as depositary bank for iHuman Inc. began on October 8, 2020.

What services will Deutsche Bank provide to iHuman Inc.?

Deutsche Bank will provide client service and investor relations support for iHuman Inc.'s ADR program.

What is iHuman Inc.'s focus area?

iHuman Inc. specializes in childhood edutainment, offering products and services for children aged three to eight.

What is the significance of Level III ADR for iHuman Inc.?

Level III ADRs allow foreign companies to raise capital in the U.S. market, enhancing visibility and accessibility for investors.

Deutsche Bank Aktiengesellschaft

NYSE:DB

DB Rankings

DB Latest News

DB Stock Data

31.85B
1.79B
7.91%
48.98%
0.4%
Banks - Regional
Financial Services
Link
United States of America
Frankfurt am Main