Clifford Chance acts on tech unicorn's groundbreaking HK IPO

The US$4.7bn debut is the first listing on the HKEX using a new structure

Clifford Chance acts on tech unicorn's groundbreaking HK IPO

Clifford Chance has confirmed it played a key role in a tech unicorn’s groundbreaking market debut on the Stock Exchange of Hong Kong (HKEX).

The Magic Circle firm advised the joint sponsors and 23 underwriters led by Goldman Sachs, Morgan Stanley, and CLSA Capital Markets on Xiaomi’s US$4.7bn HKEX IPO.

“This is the first IPO under Hong Kong's new weighted voting rights structure and one of the largest technology company IPOs globally in history,” Clifford Chance partner Tim Wang said.

The structure has been allowed by the HKSE after introduction of a new regime in April. Xiaomi is the fourth largest technology company IPO globally after Alibaba, Facebook and Infineon, Clifford Chance said.

Clifford Chance’s team was jointly led by partners Wang, Jean Thio, Fang Liu, and Amy Lo. They were assisted by consultants Tianning Xiang and Yufei Liao; associates Gehuan Liu, Janet Tang, Xiaoxi Liu, Huiyu Huang, and Hongzhou Chen; and trainees Linyang Wu, Grace Fung ,and Nan Lan.

 

Related stories:
Magic Circle firm expands innovation focus with new units
Top firm acts on landmark offshore wind farm

 

Free newsletter

Subscribe to our FREE newsletter service and we’ll keep you up-to-date with the latest breaking news, cutting edge opinion, and expert analysis affecting both your business and the industry as whole.

Please enter your email address below and click on Sign Up for daily newsletters from Australasian Lawyer.

Recent articles & video

Logie-Smith Lanyon bolsters team with new senior appointments

Macpherson Kelley expands reach with new corporate advisory service

Solicitor-turned-senior partner banned for incompetence in the UK

KHQ Lawyers lures 4-man team from HWL Ebsworth

DLA Piper helps recover millions misappropriated in massive Ponzi scheme

Simmons & Simmons boosts Singapore investment funds group with new team

Most Read Articles

Carroll & O’Dea Lawyers promotes 11

Allen & Overy advises on $6.1bn debt financing for Australian broadband giant

Cooper Grace Ward partner looks forward to more flexible work arrangements in the long term

KHQ Lawyers lures 4-man team from HWL Ebsworth