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Deutsche Bank (DB) has been appointed depositary bank for the NASDAQ-listed Level III American Depositary Receipt (ADR) program of DSC Holdings (NASDAQ: DSC), a Cayman holding company with operations in mainland China.
The ADR, effective June 26, 2026, trades under symbol DSC at a ratio of 1 ADS : 20 Class A ordinary shares, is DTC-eligible, and uses Deutsche Bank AG, Hong Kong Branch, as custodian.
DSC Holdings (NASDAQ: DSC) priced its initial public offering of 3,000,000 ADSs at US$17 per ADS, for gross proceeds of about US$51 million, excluding any over-allotment. Each ADS equals 20 Class A shares. Trading on the Nasdaq Global Market is expected to begin June 25, 2026, with closing targeted for June 26, 2026, subject to customary conditions. Underwriters have a 30-day option to buy up to 450,000 additional ADSs at the IPO price.