Deutsche Bank appointed as Depositary Bank for the sponsored American Depositary Receipt program of LAIX Inc.
Deutsche Bank AG (DB)
US:NYSE Investor Relations:
db.com/ir/index_en.htm
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)-- Deutsche Bank announced today its appointment as Depositary Bank for NYSE-listed American Depositary Receipt Program of LAIX Inc. LAIX Inc. (NYSE: LAIX) is an artificial intelligence (AI) company in China that creates and delivers products and services to popularize English learning. LAIX’s proprietary AI teacher utilizes cutting-edge deep learning and adaptive learning technologies, big data, well-established education methods and the mobile internet.* “We are very pleased to have been appointed as depositary bank for LAIX’s ADR program,” said Brian Studdert, Global Head of Depositary Receipts at Deutsche Bank. “As such, we look forward to providing dedicated support and excellent client service to help drive the program’s future success.” In addition to specializing in administering cross-border equity structures such as New York Shares, American and Global D
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