Skadden advised TUHU Car Inc. in its listing and initial public offering on the Main Board of the Hong Kong Stock Exchange, raising approximately HK$1.08 billion (approximately US$138 million), exclusive of the over-allotment option. Trading commenced on September 26, 2023.
Tuhu is a leading integrated online and offline platform for automotive services in China. It offers a range of products and services from tires and chassis parts, auto maintenance, to auto repair, car detailing, auto accessories, and other related installation services for car owners.
The Skadden team was led by partners Yuting Wu, Paloma Wang, Kai Sun and Yilin Xu, with associates Derek Li, Luwei Wang, and staff attorney Jessica Chan.
