DR market drops from record high

Interest in the depositary receipt market remained high in 2015, according to Deutsche Bank in its summary of 2015 review. Overall volume traded rose significantly with DR capital continuing to be a key feature of the market.

The amount of capital raised in 2015 reached US$11.5 billion, down from the previous year’s record high. The pharmaceutical and biotech sector accounted for 50 percent to the total amount of capital raised. remained the most active region with 15 deals, raising $4.4 billion. Within Asia, China again dominated the list with seven deals, raising $2.2 billion – Ctrip. com ($1.7 billion) being the largest deal.