{"id":502930,"date":"2021-06-10T17:04:10","date_gmt":"2021-06-10T21:04:10","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/citi-appointed-depositary-bank-for-zhangmen-education-inc-s-sponsored-ads-program\/"},"modified":"2021-06-10T17:04:10","modified_gmt":"2021-06-10T21:04:10","slug":"citi-appointed-depositary-bank-for-zhangmen-education-inc-s-sponsored-ads-program","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/citi-appointed-depositary-bank-for-zhangmen-education-inc-s-sponsored-ads-program\/","title":{"rendered":"Citi Appointed Depositary Bank for Zhangmen Education Inc.\u2019s Sponsored ADS Program"},"content":{"rendered":"

<\/p>\n

Citi Appointed Depositary Bank for Zhangmen Education Inc.\u2019s Sponsored ADS Program<\/b><\/p>\n

NEW YORK–(BUSINESS WIRE<\/a>)–
\nCiti\u2019s Issuer Services, acting through Citibank, N.A., has been appointed by Zhangmen Education Inc. (\u201cZhangmen\u201d), a leading online education company in China focused on providing personalized online courses to students between the ages of 3 and 18, as the depositary bank for its American Depositary Shares (ADS) program.\n<\/p>\n

\nZhangmen\u2019s program was established in connection with an approximately $48 million initial public offering of its ADSs (inclusive of the over-allotment option), priced at $11.50 per ADS. The ADSs are listed on the New York Stock Exchange under the symbol \u201cZME\u201d. Each ADS represents 9 Class A ordinary shares of Zhangmen. As a single-listed ADS program, the underlying ordinary shares are not listed or publicly traded in the issuer\u2019s home market.\n<\/p>\n

\n\u201cCiti is committed to providing Zhangmen and its investors with the highest quality ADS services,\u201d said Dirk Jones, Head of Global Issuer Services at Citi. \u201cOur selection as depositary bank for Zhangmen\u2019s ADS program underscores our global capabilities and industry leading position in this space.\u201d\n<\/p>\n

\nCiti is a leading provider of depositary receipt services. With depositary receipt programs in 67 markets, spanning equity and fixed-income products, Citi leverages its global network to provide cross-border capital market access to issuers, intermediaries and investors.\n<\/p>\n

\nFor more information about Citi\u2019s Depositary Receipt Services, please visit www.citi.com\/dr<\/a>.\n<\/p>\n

Citi<\/b><\/p>\n

\nCiti, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.\n<\/p>\n

\nAdditional information may be found at www.citigroup.com<\/a> | Twitter: @Citi<\/a> | YouTube: www.youtube.com\/citi<\/a> | Blog: http:\/\/blog.citigroup.com<\/a> | Facebook: www.facebook.com\/citi<\/a> | LinkedIn: www.linkedin.com\/company\/citi<\/a><\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210610005961\/en\/<\/a><\/span><\/p>\n

\nPatricia Tuma
\n
Citi Global Public Affairs
\n
patricia.tuma@citi.com<\/a><\/p>\n

KEYWORDS:<\/b> China United States North America Asia Pacific New York<\/p>\n

INDUSTRY KEYWORDS:<\/b> Primary\/Secondary Professional Services Education Technology Finance Internet Banking<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
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Citi Appointed Depositary Bank for Zhangmen Education Inc.\u2019s Sponsored ADS Program NEW YORK–(BUSINESS WIRE)– Citi\u2019s Issuer Services, acting through Citibank, N.A., has been appointed by Zhangmen Education Inc. (\u201cZhangmen\u201d), a leading online education company in China focused on providing personalized online courses to students between the ages of 3 and 18, as the depositary bank for its American Depositary Shares (ADS) program. Zhangmen\u2019s program was established in connection with an approximately $48 million initial public offering of its ADSs (inclusive of the over-allotment option), priced at $11.50 per ADS. The ADSs are listed on the New York Stock Exchange under the symbol \u201cZME\u201d. Each ADS represents 9 Class A ordinary shares of Zhangmen. As a single-listed ADS program, the underlying … <\/p>\n

Continue reading “Citi Appointed Depositary Bank for Zhangmen Education Inc.\u2019s Sponsored ADS Program”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-502930","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nCiti Appointed Depositary Bank for Zhangmen Education Inc.\u2019s Sponsored ADS Program - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/citi-appointed-depositary-bank-for-zhangmen-education-inc-s-sponsored-ads-program\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Citi Appointed Depositary Bank for Zhangmen Education Inc.\u2019s Sponsored ADS Program - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Citi Appointed Depositary Bank for Zhangmen Education Inc.\u2019s Sponsored ADS Program NEW YORK–(BUSINESS WIRE)– Citi\u2019s Issuer Services, acting through Citibank, N.A., has been appointed by Zhangmen Education Inc. (\u201cZhangmen\u201d), a leading online education company in China focused on providing personalized online courses to students between the ages of 3 and 18, as the depositary bank for its American Depositary Shares (ADS) program. Zhangmen\u2019s program was established in connection with an approximately $48 million initial public offering of its ADSs (inclusive of the over-allotment option), priced at $11.50 per ADS. The ADSs are listed on the New York Stock Exchange under the symbol \u201cZME\u201d. Each ADS represents 9 Class A ordinary shares of Zhangmen. 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