Deutsche Bank announced its appointment as depositary bank for the Nasdaq-listed American Depositary Receipt program of BlueCity Holdings Limited.
“We look forward to providing our high quality client service and dedicated support to help drive the program’s future success.”
BlueCity Holdings Limited is an internet company which provides a variety of services to the global LGBTQ community, including social networking, live streaming, health related and family planning services. It operates the mobile app “Blued” which had a registered user base of over 49 million worldwide as of March 31, 2020.*
“We are pleased to be appointed as depositary bank for BlueCity’s Nasdaq-listed Level III American Depositary Receipt program,” said Daniel Clark, Global Head of Depositary Receipts at Deutsche Bank. “We look forward to providing our high quality client service and dedicated 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.