2014 Depositary Receipts Market Review
March 11, 2015
The depositary receipt (DR) market strengthened in 2014. Issuers raised over $38 billion in 2014 – three times more than in 2013, and a post-crisis record – and robust demand prompted the creation of 166 DR programs for issuers from 37 countries. Christopher Kearns, CEO of BNY Mellon’s Depositary Receipt business, discusses the state of the market and how companies from around the globe are relying on DRs to finance their growth and expansion.