Depositary Receipts

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90 Years of Innovation
Since 1927, J.P. Morgan has been a leading provider of customized
Depositary Receipts solutions to the world’s largest issuers.
With our strength as a global equities leader, we help our clients navigate the capital markets and attract high-quality investors. Guided by J.P. Morgan's core principle of "first-class business in a first-class way,” DR issuers have relied on us for 90 years for our advice and long-term partnership.
Focused client base ensures an exceptional client experience
At J.P. Morgan, we focus our attention on the quality—not quantity—of clients and programs we serve. This allows us to deliver a client experience centered on individualized attention and service.
Integrated, firmwide approach to your IR and capital markets needs
As one of the world’s leading investment and depositary banks, J.P. Morgan is uniquely positioned to provide clients with a truly integrated equity solution—connecting you with our extensive network of buy–and sell–side market participants, along with giving you access to IR and capital markets professionals who guide you step-by-step in growing your DR program.
Excellence and innovation
With a record of "firsts" in the industry—from creating the first ADR in 1927, to launching the first ADRs in Latin America and Asia, to more recently structuring the first Hong Kong DR in 2010—J.P. Morgan exemplifies a heritage of innovation, leadership and commitment to the DR business.
A partner and close ally
Everything we do is with our clients' best interests in mind. Since most of our clients, and their investors, have broader relationships with J.P. Morgan, we always act in their long-term best interest and uphold the highest standards of integrity in all of our actions.
1927
  • J.P. Morgan predecessor firm Guaranty Trust Co. pioneered the concept of American Depositary Receipts (ADR), enabling Americans to invest in foreign securities directly on U.S. exchanges
  • 1st ADR: Selfridges
1928
  • 1st ADR Listing (AMEX): British American Tobacco
  • 1st French ADR: L’Air Liquide
  • 1st Austrian ADR: Creditanstalt
1929
  • 1st German ADR: North German Lloyd
J.P. Morgan helped the luxury chain Selfridges tap into the global markets.
The data on the adr.com website is delayed by at least 15 minutes. Benchmark prices are indicative only and provided for informational purposes. All information is subject to market conditions and may change at any time and without notice. J.P. Morgan does not undertake to update any prices or information provided herein. Information is not intended as a recommendation nor an offer or solicitation for the purchase or sale of any financial instrument.