E-mail: Over $14 Billion Raised by Corporate Issuers Using Depositary Receipts in 2011; DR Trading Volume Hits New Record While Trading Value Increased According to J.P. Morgan Year in Review Report

Despite difficult market conditions driven by sovereign debt concerns in Europe, slowing economic growth concerns in the U.S., and rising inflation in emerging markets, depositary receipts (DRs) remained resilient in 2011 with 54 issuers raising over $14 billion via DR IPO or follow-on offerings, according to J.P. Morgan’s DR 2011Year in Review report. In addition, DR investors drove trading volumes to record levels in the first 11 months of 2011.

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