Global firms lead as Chinese coffee star makes Nasdaq IPO

Five firms worked on the US$570m IPO

Global firms lead as Chinese coffee star makes Nasdaq IPO

Five firms worked on Luckin Coffee’s US$570m Nasdaq IPO.

Advising the Chinese coffee star were Davis Polk & Wardwell, which acted as US counsel, and King & Wood Mallesons (KWM), which acted as People’s Republic of China counsel. Conyers Dill & Pearman advised Luckin Coffee on Cayman Islands law.

The underwriters – Credit Suisse, Morgan Stanley, China International Capital Corporation, and Haitong International ­– were advised by Cleary Gottlieb Steen & Hamilton and Jingtian & Gongcheng.

From a single store in Beijing in October 2019, the company now has 2,370 stores across China. It aims to be the largest network of coffee shops in the country by the end of the year.

The Davis Polk corporate team was headed by partners Li He and James Lin, and included counsels Ran Li and Xuelin (Steve) Wang. Counsel Alon Gurfinkel, as well as associates Veronica Davis and Omer Harel, advised on tax matters. Associate Jennifer Wang provided Investment Company Act of 1940 advice.

The KWM team was headed by partners Ji Sun and Jingping Zhang.

The Cleary Gottlieb team was headed by partners Shuang Zhao, Jeffrey Karpf, Sandra Flow, and Sebastian Sperber.

Jingtian & Gongcheng’s team was led by partners Wei Ren, Xiang Gao, and Jinjin Chen.

The Conyers Dill team included counsel Wynne Lau.

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 NZ Lawyer.

Recent articles & video

Juno Legal’s first Christchurch-based lawyer basks in the benefits of a long break

Chapman Tripp lends a hand in Wellington port decarbonisation effort

Quay Chambers adds fraud specialist to barrister roster

Reed Smith celebrates 40th year in APAC with new managing partner

New sexual violence legislation could pose risk to the right to fair trial, says NZBA

Trust, Integrity and Compliance Company’s AML compliance portal is granted Privacy Trust Mark

Most Read Articles

Juno Legal’s first Christchurch-based lawyer basks in the benefits of a long break

Quay Chambers adds fraud specialist to barrister roster

New sexual violence legislation could pose risk to the right to fair trial, says NZBA

Civil debt recovery options