Our lawyers are experienced in assisting underwriters or issuers in initial and secondary public offerings and listings on the Main Board and Growth Enterprise Market of the Hong Kong Stock Exchange (HKEx). We also act on private placements, rights issues and retail or institutional offerings of existing issued securities.
The team has excellent contacts and longstanding relationships with regulators in Hong Kong including the Hong Kong Securities and Futures Commission (SFC), the Hong Kong Exchanges and Clearing Limited (HKEx) and the Hong Kong Monetary Authority (HKMA).
Our ECM team has advised on over 100 IPOs and numerous secondary offerings. The team has represented issuers across a wide range of industries including mining, energy and resources, TMT, trading and manufacturing, real estate, agricultural and farming, healthcare and medical, climate change and clean energy. Private equity and venture-capital funds also look to our ECM team for expert advice regarding exit strategies for their investments across those sectors.
We anticipate that in 2011 the equity capital market will have continued momentum for at least the first six to nine months. Recent trends have shown that “hot monies” have begun moving from Asia to the US and Europe due to differences in valuations. Despite these trends, the HKEx still has the largest number of initial public offerings (IPOs) for PRC enterprises. With the increasing inflow of foreign non-PRC listing candidates tapping into the capital markets in Hong Kong, we should continue to see a steady flow of ECM work.
Recent deals include advising: