The Appleby team worked closely with Skadden, Arps, Slate, Meagher & Flom LLP, who acted as advisers of the Company as to US law, and Kirkland & Ellis International LLP, who acted as advisers of the Underwriters as to US Law, to this transaction.
The Company and its subsidiaries are a leading Hong Kong-headquartered comprehensive financial institution and according to the CIC Report, are the number one independent investment banking firm in Asia. The Group is one of the few financial institutions with extensive financial industry knowledge and experience across Greater China that is majority-owned and managed by local Hong Kong entrepreneurs and professionals. The Group operates a full-service platform encompassing three business lines: investment banking, asset management, and strategic investment.
The Company intends to utilize the net proceeds from the public offering to invest in the Company’s business and infrastructure expansion, fund potential acquisitions and investments, and use the remainder for general corporate purposes.
Judy Lee commented: “After a record start to the year at Appleby in relation to the value of listing work we have undertaken, we have once again demonstrated our position as the leading specialist in Hong Kong for offshore initial public offerings work. This deal not only showcases our capability in helping clients with their listings in Asia but also with their international listings, in particular in the United States.”
Our listing team is highly regarded for their expertise in supporting initial public offerings, introductions, placements and subsequent listings of both equity and debt securities of Cayman Islands, Bermuda and BVI companies on the world’s major exchanges.