The Appleby Hong Kong team was led by Asia Group Head and Partner Judy Lee and Partner Paul Cheuk, who were assisted by Senior Associate Robert Sit.
The Appleby team also acted as Cayman Islands counsel for AMTD International, in relation to its initial public offering of 23,873,655 American depositary shares. AMTD International successfully listed on the NYSE under the symbol ‘‘HKIB” on 5 August 2019, with gross proceeds of approximately USD 200 million. This listing allows AMTD International to become the first Hong Kong financial institution to be listed on the NYSE.
This latest secondary listing allows AMTD International to become the first company to be dual listed on the NYSE and SGXST, and also the first company with a “dual class shares structure” to list in Singapore.
Judy Lee commented, “We are proud to demonstrate once again our position as the leading specialist in Hong Kong for offshore listing work. This deal is a testament to our capability in helping clients with their international and dual listings.”
Appleby’s listing team is highly regarded for its 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.